Brief: Carsales.Com To Acquire Remaining 51% Of Trader Interactive For USD$809M

CAR

27/06/2022 02:21

June 27 (Reuters) - Carsales.Com Ltd  CAR.AX :
    * TO ACQUIRE REMAINING 51% OF TRADER INTERACTIVE FOR
USD$809M
    * EXERCISED ITS CALL OPTION TO ACQUIRE REMAINING 51%
INTEREST IN
TRADER INTERACTIVE FOR USD$809M
    * ACQUISITION IS EXPECTED TO GENERATE HIGHLY ATTRACTIVE
FINANCIAL
RETURNS FOR SHAREHOLDERS
    * IN DEAL, LOW DOUBLE-DIGIT EPS ACCRETION EXPECTED IN FIRST
FULL
YEAR OF OWNERSHIP AND FURTHER UPSIDE EXPECTED THEREAFTER
    * ACQUISITION  TO BE FUNDED VIA AUD$1,207M FULLY
UNDERWRITTEN 1
FOR 4.16 PRO-RATA ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER
    * ENTITLEMENT OFFER WILL BE CONDUCTED AT AUD$17.75 PER NEW
SHARE
    * SEES  FY22 ADJUSTED NPAT OF A$194 MILLION -A$196 MILLION
    * SEES  FY22 ADJUSTED REVENUE AT AUD$507-509 M
    * SEES  FY22 REPORTED NPAT OF A$161 MILLION - A$163 MILLION
    * SEES  FY22 REPORTED REVENUE AUD$506-508 M

Source text for Eikon:  urn:newsml:reuters.com:*:nASXcd0T2Z
Further company coverage:  CAR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))