Brief: Axis Auto Finance Signs Definitive Agreement To Acquire Cars On Credit Financial

Axis Auto Finance

21/12/2017 12:52

Dec 21 (Reuters) - Axis Auto Finance Inc  AXIS.V : 
    * AXIS AUTO FINANCE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE 
CARS ON 
CREDIT FINANCIAL 
    * AXIS AUTO FINANCE INC - DEAL PURCHASE PRICE OF $11 MILLION 
TO BE 
FUNDED FROM PROCEEDS OF A CONCURRENT $15 MILLION PRIVATE 
PLACEMENT OF SUBSCRIPTION RECEIPTS 
    * AXIS AUTO FINANCE INC - TRANSACTION IS EXPECTED TO BE 
IMMEDIATELY ACCRETIVE TO AXIS' ADJUSTED EARNINGS AND ON A 
PRICE-TO-BOOK BASIS 
 
Source text for Eikon:  ID:nCNWR0wfFa  
Further company coverage:  AXIS.V  
 
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