Aug 5 (Reuters) - Consumer lender Credible Labs Inc (CRD) said on Monday that it entered a definitive agreement to be bought out by a unit of Fox Corp FOXA.O , which it says values it at about A$585 million ($397 million).
Under the terms of the deal, U.S. based-Credible Labs, listed on the Australian Stock Exchange, said its shareholders will receive A$2.21 in cash per CHESS depository interest (CDI), which represents A$55.25 per share of common stock in Credible.
($1 = 1.4728 Australian dollars)
News: CRD Australia's Credible Labs to be bought out by Fox Corp unit for $397 million
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Last
86.0¢ |
Change
0.045(5.52%) |
Mkt cap ! $166.0M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 87.8¢ | 85.5¢ | $295.8K | 343K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 16277 | 2 |
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| CRD (ASX) Chart |