Smartgroup logo

SIQ - Smartgroup News Story

A$7.24 -0.1  -1.2%

Last Trade - 4:20am

Sector
Industrials
Size
Mid Cap
Market Cap £501.6m
Enterprise Value £509.6m
Revenue £113.2m
Position in Universe 324th / 1960

BRIEF-Smartgroup Corporation acquires assets of RACV Salary Solutions

Sun 10th September, 2017 11:23pm
Sept 11 (Reuters) - Smartgroup Corporation Ltd  SIQ.AX : 
    * Entered an agreement to acquire assets of RACV Salary 
Solutions for $27 million plus $7 million retained in escrow 
    * Transaction costs attributable to advisory fees and stamp 
duties of $1.2 million will be incurred and expensed in CY 2017 
    * Acquires 100 pct of shares in ABM Pty Ltd (Aspire) for a 
consideration, of $5.6 million plus $0.1 million cash retained 
in escrow 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nASX77WMJK 
Further company coverage:  SIQ.AX  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
© Stockopedia 2022, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.