Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

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.

Please click here for full details

See more ASX300 News Announcements