Oct 18 (Reuters) - Class Ltd (CL1) :
- HUB24 TO ACQUIRE CLASS LIMITED VIA SCHEME OF ARRANGEMENT
- ENTERED SCHEME IMPLEMENTATION DEED FOR ACQUISITION BY HUB24 OF 100% OF CLASS
- CLASS SHAREHOLDERS WILL RECEIVE 1 ORDINARY HUB24 SHARE FOR EVERY 11 ORDINARY CLASS SHARES HELD, PLUS A$0.10 PER ORDINARY CLASS SHARE
- CLASS BOARD OF DIRECTORS HAS UNANIMOUSLY RECOMMENDED THAT CLASS SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
- ACQUISITION OF CLASS EXPECTED TO BE 8% EPS ACCRETIVE (EXCLUDING REVENUE SYNERGIES AND ONE-OFF IMPLEMENTATION COSTS) TO CO'S SHAREHOLDER BY FY23
- ACQUISITION OF CLASS IS EXPECTED TO BE 8% EARNINGS PER SHARE ACCRETIVE TO HUB24 SHAREHOLDERS BY FY23
- ACQUISITION OF CLASS IS EXPECTED TO DELIVER COST SYNERGIES OF ABOUT A$2 MILLION P.A.
News: HUB Hub24 To Acquire Class Limited Via Scheme Of Arrangement
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Last
$106.72 |
Change
0.070(0.07%) |
Mkt cap ! $8.662B | |||
| Open | High | Low | Value | Volume |
| $106.60 | $108.10 | $105.44 | $31.72M | 297.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5 | $106.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $106.72 | 1 | 1 |
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