Brief: Atturra Ltd To Acquire Cirrus Networks Via Scheme Of Arrangement
11/09/2023 02:35
Sept 11 (Reuters) - Atturra Ltd ATA.AX :
* ATTURRA TO ACQUIRE CIRRUS NETWORKS VIA SCHEME OF
ARRANGEMENT
* ATTURRA HOLDINGS AND CIRRUS NETWORKS ENTERED INTO A
BINDING
SCHEME IMPLEMENTATION DEED
* ACQUISITION IS EXPECTED TO BE HIGH SINGLE DIGIT EPS
ACCRETIVE TO
ATTURRA SHAREHOLDERS IN FY24
* SCHEME HAS BEEN UNANIMOUSLY RECOMMENDED BY CIRRUS BOARD OF
DIRECTORS
* UNDER SCHEME, CIRRUS SHAREHOLDERS WILL RECEIVE
CONSIDERATION
WITH TOTAL VALUE OF A$0.053 PER CIRRUS SHARE
* PRE-TAX ANTICIPATED ANNUALISED SYNERGIES OF A$1.0M
* SCHEME REPRESENTS TOTAL EQUITY OFFER VALUE OF
APPROXIMATELY
A$49.3 MILLION
Source text for Eikon: ID:nASX97FVMd
Further company coverage: ATA.AX
((Reuters.Briefs@thomsonreuters.com;))
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