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)
Aug 5 (Reuters) - Consumer lender Credible Labs Inc (CRD) said...
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