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

Company News Summary

Carsales.com Announces Acquisition and Entitlement Offer

27 Jun 2022  |  10:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: carsales Announces Acquisition and Entitlement Offer

Carsales.com announced that it has exercised its call option to acquire the remaining 51% interest in Trader Interactive that it does not already own (the Acquisition), for USD$809m, or AUD$1,172m (Acquisition Price). It has launched a fully underwritten Entitlement Offer, pursuant to which eligible institutional and retail shareholders will be entitled to subscribe for 1 new Company share (New Share) for every 4.16 shares held on the record date of 29 June 2022 (Record Date). The Acquisition Price will be funded by an AUD$1,207m fully underwritten 1 for 4.16 (Offer Ratio) pro-rata accelerated non-renounceable entitlement offer (the Entitlement Offer).

Please click here for full details

See more ASX300 News Announcements