Big River Industries Limited (ASX:BRI) agreed to acquire certain assets and trading business from Midcoast Timbers Pty Ltd for AUD 2.7 million on August 24, 2017. As per the terms of transaction, Big River will issue 0.15 million shares as a part of consideration. Further Big River paid AUD 2.41 million in cash. The transaction is subject to certain conditions. The acquisition is expected to be earnings per share accretive in the first year of the deal. Big River Industries Limited (ASX:BRI) completed the acquisition of certain assets and trading business from Midcoast Timbers Pty Ltd on September 4, 2017. As on September 14, 2018, 0.15 million shares of Big River Industries Limited were issued to Midcoast Timbers Pty Ltd. The shares were placed under voluntary escrow until September 30, 2018.