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TOX - Tox Free Solutions News Story

A$3.42 0.0  0.0%

Last Trade - 11/05/18

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £284.7m
Position in Universe th / 1912

BRIEF-Cleanaway Waste Management Says To Acquire Tox Free Solutions

Sun 10th December, 2017 9:41pm
Dec 11 (Reuters) - Cleanaway Waste Management Ltd  CWY.AX : 
    * ACQUISITION OF TOX FREE SOLUTIONS AND EQUITY RAISING 
    * CO ENTERED DEED TO ACQUIRE 100% OF SHARES IN TOXFREE FOR 
$3.425 
PER SHARE IN CASH 
    * DEAL REPRESENTS AN EQUITY VALUE OF $671 MILLION AND AN 
ENTERPRISE VALUE OF $831 MILLION 
    * WILL PERMIT TOXFREE TO PAY A SPECIAL DIVIDEND TO TOXFREE 
SHAREHOLDERS 
    * DEAL TO BE FUNDED VIA A FULLY UNDERWRITTEN $590 MILLION 1 
FOR 
3.65 PRO RATA ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER 
    * DEAL MORE THAN 25% ACCRETIVE TO FY17 EPS BEFORE 
AMORTISATION OF 
ACQUIRED INTANGIBLES 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nASX2nCNhG 
Further company coverage:  CWY.AX  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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