July 11 (Reuters) - Corporate Travel Management Ltd (CTD) :
- TO ACQUIRE LOTUS TRAVEL GROUP LIMITED, HONG KONG
- CTM EXPECTED TO DELIVER FULL YEAR EBITDA AT OR SLIGHTLY ABOVE A$125 MILLION
- DEAL FOR BASE CONSIDERATION OF A$50 MILLION
- CORPORATE TRAVEL MANAGEMENT- ACQUISITION WILL BE FUNDED VIA A SHARE PLACEMENT OF 1.554 MILLION ORDINARY SHARES AT A$25.75 PER SHARE, RAISING A$40.0 MILLION
- DEAL EXPECTED TO CONTRIBUTE 9 MONTHS EBITDA IN FY19 OF A$4.0 MILLION WITH ANNUALISED CONTRIBUTION OF ABOUT A$5.0 MILLION
News: CTD Corporate Travel Management To Acquire Lotus Travel Ltd
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$16.07 |
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Mkt cap ! $2.351B | |||
| Open | High | Low | Value | Volume |
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