MYO myob group limited
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News: MYO Myob to acquire Paycorp

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    23/02/17
    09:30
    Post #: 22833146

    Feb 23 (Reuters) - Myob Group Ltd (MYO)

    • MYOB to acquire Paycorp
    • Entered in to a sale and purchase agreement to acquire 100 PCT of Paycorp Payment Solutions PTY Limited
    • Deal for a total consideration of $48 million
    • Transaction is expected to complete on 1 April 2017, subject to satisfying certain conditions, and will be immediately EPS accretive
    • Acquisition will be funded from company's existing cash reserves and is expected to complete by 1 April 2017
    • Acquisition will also strengthen margins for existing MYOB connected services
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