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WH Smith to pay 155 million pounds for InMotion

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WH Smith to pay 155 million pounds for InMotion
FILE PHOTO: A company logo is pictured outside a branch of WH Smith in Manchester northern England, March 17, 2016. REUTERS/Phil Noble   -   Copyright  Phil Noble(Reuters)
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(Reuters) – Books, newspaper and stationery seller WH Smith <SMWH.L> has agreed to buy airport-based digital accessories retailer InMotion for 155 million pounds ($198.40 million).

The company said in a statement announcing the purchase that it expects the deal to be cash flow accretive and will have no impact on share buyback plans announced earlier this month.

($1 = 0.7813 pounds)

(Reporting by Karina Dsouza in Bengaluru; editing by Patrick Graham)

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