Brief: Wavestone To Acquire Q_Perior

Wavestone SA

25/07/2023 17:19

July 25 (Reuters) - Wavestone SA  WAVE.PA :
    * WAVESTONE AND Q_PERIOR INTEND TO JOIN FORCES TO CREATE A
EUROPEAN CONSULTING CHAMPION
    * A EUROPEAN CONSULTING FIRM WITH A GLOBAL REACH, TARGETING
SALES
OF €1BN BY 2025
    * ANNOUNCE THAT THEY HAVE SIGNED A MEMORANDUM OF
UNDERSTANDING
CONCERNING THE COMBINATION OF THE TWO FIRMS TO CREATE A EUROPEAN
CHAMPION IN THE CONSULTING MARKET
    * TRANSACTION WOULD RESULT IN WAVESTONE ACQUIRING 100% OF
THE
SHARE CAPITAL OF Q_PERIOR'S PARENT HOLDING
    * OPERATION WOULD BE FINANCED FOR 79.0% OF THE BASE PRICE BY
THE
ISSUANCE OF NEW WAVESTONE SHARES ON THE BASIS OF A REFERENCE
PRICE OF €54 PER NEW SHARE, I.E., A TOTAL OF 4,709,840 NEW
SHARES
    * EARNINGS PER SHARE (EPS) FOR THE NEW ENTITY WOULD INCREASE
BY
MARCH 31, 2024, AND THE TRANSACTION IS EXPECTED TO BE ACCRETIVE
FROM FISCAL YEAR 2024/25 (ENDING MARCH 31, 2025)

Source text for Eikon:  ID:nACT81158 
Further company coverage:  WAVE.PA 

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