Sept 14 (Reuters) - Iress Ltd (IRE) :
- Iress acquires INET BFA in South Africa (IRE)
- Deal for for a cash purchase price of R149.6 million
- Entered into an agreement to acquire INET BFA
- Acquisition costs will be met through available cash and existing debt facilities
- Expects contribution by inet bfa, after initial integration efforts in 2017, to reflect an acquisition EBITDA multiple of well below 10x
- Says annualised revenue for the combined south african business will be in excess of R400 million
- After management adjustments revenue of inet bfa in 2016 is estimated at R134 million and similarly EBITDA is estimated at R10.5 million
- * (( ))
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Last
$9.02 |
Change
-0.060(0.66%) |
Mkt cap ! $1.684B | |||
| Open | High | Low | Value | Volume |
| $9.06 | $9.19 | $8.97 | $8.802M | 972.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20643 | $8.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.04 | 20450 | 4 |
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