May 8 (Reuters) - Novatti Group Ltd (NOV) :
- Enters into a conditional binding agreement with prophecy international
- Consideration for acquisition is $2.75 million in cash
- Acquisition is earnings accretive and will provide immediate cash flows to novatti
- Deal to acquire 100% of its basis2 billing and customer information systems (CIS) business
- Revenues generated from acquisition are expected to be a significant contributor to novatti's targeted profitability in fy2018
- Acquisition will be funded through a 1 for 4 accelerated non-renounceable entitlement offer raising approx. $3.25mln
- Deal to acquire 100% of Prophecy International's basis2 billing and customer information systems (CIS) business
News: PRO Novatti enters into binding agreement with Prophecy International
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Last
42.0¢ |
Change
0.020(5.00%) |
Mkt cap ! $30.97M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 38.0¢ | $104.0K | 253.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2700 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 18613 | 1 |
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| PRO (ASX) Chart |