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).
See more ASX300 News Announcements