Pact Group Holdings Ltd (ASX:PGH) entered into an agreement to acquire TIC (Retail Accessories) Pty Ltd from TIC Group Pty Ltd for approximately AUD 150 million on August 15, 2018. Under the terms, Pact Group Holdings Ltd will pay consideration in cash of AUD 62 million and an issue of 11.3 million shares at an issue price of AUD 5.3095 per share to the TIC Group Pty Ltd. Cash consideration of AUD 20 million will be payable on completion, with AUD 21 million deferred for 6 months, and AUD 21 million deferred for 24 months. In addition, the agreement contains provisions for earn-out payments of up to AUD 30 million, payable on the delivery of specific financial hurdles for the 2019 and 2020 financial years. The transaction is subject to customary conditions and expected to be completed by October 1, 2018. The acquisition is expected to be EPS accretive in year one. Pact Group Holdings Ltd (ASX:PGH) completed the acquisition of TIC (Retail Accessories) Pty Ltd from TIC Group Pty Ltd on October 31, 2018.