LAU 2.20% 89.0¢ lindsay australia limited

News: LAU Lindsay Australia Says Entered Into Binding Agreement To Acquire WB Hunter

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    July 3 (Reuters) - Lindsay Australia Ltd (LAU) :

    • ENTERED INTO A BINDING AGREEMENT TO ACQUIRE 100% OF LEADING RURAL MERCHANDISE COMPANY WB HUNTER
    • ACQUISITION FOR AN ENTERPRISE VALUE OF A$34.6 MILLION
    • ACQUISITION EXPECTED TO DELIVER HIGH SINGLE DIGIT ACCRETION PRE-SYNERGIES IN PRO FORMA FY24 EPS
    • MICHAEL MORONEY, DIRECTOR AND CEO OF WB HUNTER WILL CONTINUE WITH BUSINESS IN HIS CURRENT ROLE
    • CONFIRMS FY23 UNDERLYING EBITDA FORECAST TO FINISH TOWARDS HIGHER END OF CURRENT MARKET GUIDANCE BETWEEN A$85 MILLION AND A$90 MILLION
 
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