Brief: Maxiparts Announces Acquisition Of IP And Forch Brisbane

Maxiparts

14/11/2023 24:28

Nov 14 (Reuters) - Maxiparts Ltd  MXI.AX :
    * ACQUISITION OF IP AND FORCH BRISBANE
    * A$17.2M FULLY UNDERWRITTEN PLACEMENT
    * ACQUISITIONS EXPECTED TO BE MID SINGLE DIGIT EPS ACCRETIVE
IN
FY24
    * DEAL FOR  A$27.0 MILLION CASH
    * NEW SHARES OFFERED UNDER PLACEMENT WILL BE ISSUED AT A
PRICE OF
A$2.46 PER SHARE
    * WILL ALSO ACQUIRE FÖRCH BRISBANE FOR A$1.9 MILLION

Source text for Eikon:  ID:nASXbcDRWd 
Further company coverage:  MXI.AX 

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