IRE 0.10% $9.96 iress limited

News: IRE Iress - Iress Ltd acquires Financial Synergy

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    Sept 25 (Reuters) - Iress Ltd (IRE) :

    • Iress acquires financial synergy (IRE)
    • Has entered into an agreement to acquire financial synergy
    • Transaction is expected to be more than 2% EPS accretive in 2017
    • Says total purchase price of up to A$90 million
    • Says the proceeds of the placement will be used to fund the financial synergy

      acquisition.

    • Launching a fully underwritten institutional placement of approximately 7.49

      million shares

    • Says placing to raise approximately A$85 million
    • Says the acquisition will be funded through the equity raising

 
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