Australia's APM Human Services International jumps on Everyday Independence acquisition

APM Human Services International

15/12/2022 01:08

** Shares of APM Human Services International  APM.AX  rise
as much as 5.3% to A$2.58, posting their sharpest intraday pct
gain since Oct 4
    ** Perth-based human resources and consulting services co
says it will acquire all shares of Everyday Independence for
cash consideration of A$52.5 mln ($36.05 mln) 
    ** Says five-month underlying statutory EBITDA contribution
of Everyday Independence to APM for the year ended June 30, 2023
is expected to be A$6.3 mln 
    ** Stock had fallen 14% this year, as of last close 
($1 = 1.4565 Australian dollars)
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))