Specialist cleaning services provider React Group (LON:REAT) has enjoyed increasing demand for its services due to Covid-19. The purchase of Birmingham-based Fidelis Contract Services will be significantly earnings enhancing from day one and will help to increase scale.
The initial consideration is £1.7m - £1.5m in cash and £200,000 in shares at 2.1p each. Deferred consideration could be up to £3.05m depending on the performance in the year to March 2021 and next year. This will be paid in cash instalments between October 2021 and March 2024.
React is a specialist cleaning and decontamination ...
