December 21, 2017 / 1:06 PM / 6 months ago

BRIEF-ISC Expands Its Services Segment With ESC’s Acquisition Of AVS

Dec 21 (Reuters) - Information Services Corp:

* ISC EXPANDS ITS SERVICES SEGMENT WITH ESC’S ACQUISITION OF AVS

* INFORMATION SERVICES CORP - VIA CO'S UNIT ESC CORPORATE SERVICES LTD, ACQUIRED ALL OF ISSUED AND OUTSTANDING SHARES OF AVS SYSTEMS INC

* INFORMATION SERVICES CORP- CAD$25 MILLION PAID IN CASH ON CLOSING AND CO MAY PAY UP TO CAD$20 MILLION IN ADDITIONAL CONSIDERATION OVER NEXT 13 MONTHS

* INFORMATION SERVICES CORP - TRANSACTION TO BE MILDLY DILUTIVE ON A REPORTED EPS BASIS IN 2018, TO BE ACCRETIVE ON ADJUSTED EPS BASIS IN 2018

* INFORMATION SERVICES CORP - ON A CASH FLOW PER SHARE BASIS, TRANSACTION IS IMMEDIATELY ACCRETIVE IN FISCAL 2018

* INFORMATION SERVICES CORP - DEAL IS ACCRETIVE IN 2019 ON AN EARNINGS PER SHARE BASIS Source text: (reut.rs/2kToJGQ) Further company coverage:

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