MYO myob group limited
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Dec 24 (Reuters) - Myob Group Ltd (MYO) : AGREES TO RECOMMENDED...

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    24/12/18
    08:50
    Post #: 36949051

    Dec 24 (Reuters) - Myob Group Ltd (MYO) :

    • AGREES TO RECOMMENDED SCHEME OF ARRANGEMENT WITH KKR AT $3.40 CASH PER SHARE AND 'GO SHOP' ARRANGEMENTS
    • DIRECTORS UNANIMOUSLY RECOMMEND SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • CONFIRMS FY18 UNDERLYING EBITDA MARGIN OF APPROXIMATELY 42-43%
    • EXPECTS FY18 EARNINGS TO REFLECT ORGANIC REVENUE GROWTH OF ABOUT 7%, RESEARCH AND DEVELOPMENT SPEND OF ABOUT 19% OF REVENUE
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