CL1 class limited
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News: CL1 Class Ltd Announces Acquisition Of Nowinfinity

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    28/01/20
    09:05
    Post #: 42594076

    Jan 28 (Reuters) - Class Ltd (CL1) :

    • CLASS LTD ANNOUNCES ACQUISITION OF NOWINFINITY
    • TRANSACTION IS FOR A MAXIMUM ENTERPRISE VALUE OF $25M
    • CLASS LTD - ACQUISITION WILL BE PARTLY FUNDED BY A NEW $10M DEBT FACILITY, WITH REMAINDER TO BE FUNDED BY EXISTING CASH
    • PURCHASE CONSIDERATION WILL BE STRUCTURED WITH A $10M UPFRONT CASH PAYMENT ON COMPLETION, PLUS $10M IN CLASS SHARES
    • TRANSACTION IS EXPECTED TO BE EPS ACCRETIVE IN FY21

    Source text https://bit.ly/36u8JAU

    (([email protected];))

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