MTO 1.23% $1.65 motorcycle holdings limited

News: MTO Motorcycle Holdings Announces Acquisition Of Mojo Group

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    Sept 23 (Reuters) - MotorCycle Holdings Ltd (MTO) :

    • ACQUISITION OF MOJO GROUP
    • BINDING AGREEMENT TO ACQUIRE MOJO GROUP
    • DEAL FOR CONSIDERATION OF UP TO A$60 MILLION ON A CASH FREE, DEBT FREE BASIS
    • WILL FUND CASH COMPONENT OF CONSIDERATION THROUGH INCREASE TO ITS DEBT FACILITY
    • ON PROFORMA FY22 CONSOLIDATED BASIS TRANSACTION EXPECTED TO BE 18% EPS ACCRETIVE BEFORE SYNERGIES, INTEGRATION COSTS, AMONG OTHERS
 
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