June 6 (Reuters) - Webjet Ltd (WEB) :
- Acquisition of Online Republic and capital raising (WEB)
- Acquisition estimated to be double-digit EPS accretive in FY 2016 on a pro-forma basis
- Senior management of online republic to be retained, with vendors to receive Webjet shares for 22% of the purchase price
- Entitlement offer is a fully underwritten pro rata accelerated non-renounceable entitlement offer to raise approximately A$72 million
- Online republic's earnings growth expected to be consistent with webjet's b2c EBITDA cagr target
- Acquisition will be funded by fully underwritten accelerated non-renounceable entitlement offer and issue of new Webjet shares to vendors
- Acquisition of online republic, with over NZ$200 million in total transaction value
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- News: WEB Webjet Ltd to acquire Online Republic group of companies
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News: WEB Webjet Ltd to acquire Online Republic group of companies
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