XRO 0.25% $161.55 xero limited

News: XRO Xero To Buy Workforce Management Platform Planday

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    March 4 (Reuters) - Xero Ltd (XRO) :

    • TO ACQUIRE WORKFORCE MANAGEMENT PLATFORM PLANDAY
    • CONSIDERATION FOR ACQUISITION OF PLANDAY IS EUR 183.5 MILLION
    • DEAL, INTEGRATION AND OPERATING COSTS ANTICIPATED TO HAVE MODEST NEGATIVE IMPACT ON FY22 EBITDA
    • ACQUISITION IS EXPECTED TO CONTRIBUTE APPROXIMATELY 3 PERCENTAGE POINTS OF ADDITIONAL OPERATING REVENUE GROWTH FOR XERO IN FY22
    • ABOUT 45% OF UPFRONT CONSIDERATION WILL BE PAYABLE IN SHARES IN CO AND 55% WILL BE SETTLED IN CASH
 
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