Brief: Michael Hill International Enters Into Binding Agreement To Acquire Business Of Bevilles

Michael Hill International

19/04/2023 10:33

April 19 (Reuters) - Michael Hill International Ltd
 MHJ.AX :
    * ENTERED INTO A BINDING AGREEMENT, TO ACQUIRE BUSINESS OF
BEVILLES
    * DEAL EXPECTED TO BE IMMEDIATELY EPS ACCRETIVE
    * BEVILLES IS EXPECTED TO GENERATE A$60 - 65 MILLION IN
SALES FOR
FY23
    * TO ACQUIRE BUSINESS & SELECTED ASSETS OF BEVILLES FOR NET
ENTERPRISE VALUE OF A$45.1 MILLION
    * BEVILLES IS EXPECTED TO GENERATE ADJUSTED UNDERLYING
EBITDA
(PRE- AASB16) OF A$7.5 - 8.5 MILLION FOR FY23

Source text for Eikon:  ID:nASX6SmYqN 
Further company coverage:  MHJ.AX 

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