Dec 12 (Reuters) - Cover-More Group Ltd (CVO) : Says Zurich...

Dec 12 (Reuters) - Cover-More Group Ltd (CVO) :

• Says Zurich Insurance Co Ltd will acquire all of ordinary shares in Cover-More by way of a scheme of arrangement
• Says Cover-More shareholders will be entitled to receive A$1.95 cash per share
• Says offer at scheme consideration implied enterprise value of A$854 million, on a fully diluted basis
• Says Cover-More's board unanimously recommends scheme
• Says Cover-More is permitted to pay an interim and/or special dividend on or prior to implementation of scheme
• Says expects to deliver EBITDA in range of $54 million to $57 million for FY17