May 12 (Reuters) - Carsales.Com Ltd (CAR) : CARSALES ANNOUNCES...

May 12 (Reuters) - Carsales.Com Ltd (CAR) :

• CARSALES ANNOUNCES ACQUISITION AND ENTITLEMENT OFFER
• TO ACQUIRE A 49.0% INTEREST IN TRADER INTERACTIVE FOR US$624M
• TRANSACTION IS EXPECTED TO BE EPS POSITIVE ON A PRO-FORMA BASIS, WITH MID-SINGLE DIGIT EPS ACCRETION FROM YEAR ONE
• ACQUISITION IS TO BE FUNDED WITH FOLLOWING COMBINATION OF EQUITY AND DEBT
• ACQUISITION PRICE VALUES TRADER INTERACTIVE ON A 100% EV BASIS AT US$1,625 MILLION
• LAUNCH OF ABOUT A$600M FULLY UNDERWRITTEN PRO-RATA ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER
• SEES FY21 ADJUSTED REVENUE A$433-A$437 MILLION
• SEES FY21 ADJUSTED NPAT A$149-A$153 MILLION
• UNDER ENTITLEMENT OFFER, ELIGIBLE SHAREHOLDERS WILL BE ENTITLED TO SUBSCRIBE FOR 1 NEW CARSALES SHARE FOR EVERY 6.99 SHARES HELD