09:58 AM EST - Opta Minerals Inc. : announced that it has acquired all of the outstanding common shares of Babco Industrial Corp. located in Regina. As consideration for the acquisition of the Babco shares, Opta paid approximately $17.6 million in cash on closing, subject to customary post-closing purchase price adjustments, and is obligated to pay up to an additional $1.3 million in cash pursuant to a contingent five-year earn-out if the acquired business achieves certain future EBITDA targets. The acquisition is expected to be immediately accretive to Opta's earnings. Opta Minerals Inc.
shares T.OPM are trading even at $2.13.
