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SIQ - Smartgroup News Story

A$7.24 -0.1  -1.2%

Last Trade - 4:20am

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:*:nASX77WMJK 
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