BRIEF-Automotive Group enters agreement to buy Scott'S Refrigerated Freightways

Tue, 25 Mar - 8:37am

March 24 (Reuters) - Automotive Group Holdings Ltd AHE.AX :

* Says entered into a binding agreement to acquire Scott'S Refrigerated Freightways

* Says enterprise value of approximately $116 million

* Says heads of agreement to acquire bradstreet motor group for $68 million

* Says acquisitions to be funded from existing cash and debt facilities

* Says acquisitions expected to be approximately 9% EPS accretive on a pro forma FY 2014 basis

* Acquisitions to also be funded from $115 million fully underwritten equity placement

* Source text for Eikon News Search ID:nASX3qCn4G

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URN: 
urn:newsml:reuters.com:20140324:nWNBS00DX6:9
Topics: 
RET RES CYCS AU CMPNY RSPC BLR AUTO ASIA RCAR DEAL1 SHOP DBT LEN LOA MRG RTRS BACT CDM AUT RESF CORPD REGS

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