Aug 2 (Reuters) - Codan Ltd (CDA) :
- CODAN EXPANDS ITS ZETRON COMMUNICATIONS BUSINESS INTO UNITED KINGDOM, EUROPE AND MIDDLE EAST THROUGH ACQUISITION OF EAGLE
- ENTERED INTO A BINDING AGREEMENT AND HAS COMPLETED ACQUISITION OF 100% OF EAGLE NEWCO LIMITED
- EXPECTS TO SPEND A FURTHER A$3 MILLION IN SET UP AND IN INTEGRATION COSTS OVER NEXT 12 MONTHS
- EAGLE IS EXPECTED TO CONTRIBUTE MARGINALLY TO CODAN'S FY24 PROFITABILITY
- ACQUISITION HAS COMPLETED & COMPRISES TOTAL ACQUISITION CONSIDERATION OF A$22 MILLION, WHICH WAS FUNDED BY CO'S EXISTING DEBT FACILITY
- IN YEAR 2 EAGLE BUSINESS WILL BE EARNINGS‐PER‐SHARE ACCRETIVE FOR CODAN
News: CDA Codan Expands Zetron Communications Business Through Acquisition Of Eagle
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