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Woolworths Group Enters into Scheme Implementation Agreement to Acquire an 80% Interest in MyDeal.com.au

20 May 2022  |  08:53:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Proposal to acquire 80% of MyDeal.com.au

Woolworths Group announced that it has entered into a Scheme Implementation Agreement (SIA) to acquire 80% of the share capital of ASX-listed online marketplace MyDeal.com.au (ASX: MYD) (MyDeal) via a Scheme of Arrangement (Transaction) for cash consideration of $1.05 per share. The offer price implies an enterprise value of $243m, representing an EV/GTV multiple of 0.9x.

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