Aug 1 (Reuters) - Tabcorp Holdings Ltd (TAH) :
- Tabcorp to acquire Intecq
- Co and Intecq Limited have entered into a binding scheme implementation agreement, under which Tabcorp has agreed to acquire all Intecq shares via a scheme of arrangement
- Cash offer per share implies an expected enterprise value of $115 mln
- Intecq shareholders will receive $7.15 cash for each Intecq share held
- Tabcorp has agreed to acquire all Intecq shares via a scheme of arrangement
- Says directors of Intecq unanimously recommend that all Intecq shareholders vote in favour of the scheme, in the absence of a superior proposal
- Tabcorp expects acquisition will generate EBITDA of approximately $20 million in the year following completion of integration of the business
- Tabcorp intends to fund the acquisition from existing cash and bank facilities
- Acquisition is expected to be eps accretive from the first year
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72.0¢ |
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Mkt cap ! $1.646B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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|---|---|---|
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