News: AHG AP Eagers Announces Intention To Acquire Automotive Holdings Group

April 5 (Reuters) - Ap Eagers Ltd (APE) :

• ANNOUNCES ITS INTENTION TO MAKE A CONDITIONAL, ALL- SCRIP OFFER TO ACQUIRE ALL OF ORDINARY SHARES IN AUTOMOTIVE HOLDINGS GROUP LIMITED
• ALL-SCRIP OFFER OF 1 APE SHARE FOR EVERY 3.8 AHG SHARES OWNED
• ON BASIS THAT AP EAGERS ACQUIRES 100% OF AHG UNAUDITED PRO FORMA FY18 PROFIT BEFORE TAX OF $203.0 MILLION EXPECTED
• EXPECTS PRE-TAX SYNERGIES TO BE $13.5 MILLION PER ANNUM FROM ACQUISITION

Source text: (http//bit.ly/2Iih3eF) (http//bit.ly/2TTTNpb)

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