NHF 0.00% $5.74 nib holdings limited

News: NHF NIB Holdings Acquires QBE's Travel Insurance Business

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    Aug 3 (Reuters) - NIB Holdings Ltd (NHF) :

    • NIB ACQUIRES QBE'S TRAVEL INSURANCE BUSINESS
    • DEAL FOR TOTAL CONSIDERATION OF UP TO $25 MILLION
    • WNG ANNUAL DOMESTIC GROSS WRITTEN PREMIUM HAS POTENTIAL TO INCREASE BY UP TO 40% ON COMPLETION
    • ONE-OFF TRANSACTION AND INTEGRATION COSTS FORECAST TO BE APPROXIMATELY $11 MILLION
    • GIVEN SIZE OF TRANSACTION IT IS IMMATERIAL TO EARNINGS PER SHARE
 
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