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News: IRE ASX To Sell Its 18.6 Pct Shareholding In IRESS For Gross Proceeds Of $385 Mln

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    Feb 25 (Reuters) - ASX Ltd (ASX) :

    • ENTERED INTO AN UNDERWRITING AGREEMENT TO SELL ITS 18.6% SHAREHOLDING IN IRESS LTD
    • SALE HAS BEEN FULLY UNDERWRITTEN AT A FIXED PRICE OF $11.95 PER SHARE AND IS EXPECTED TO REALISE GROSS PROCEEDS OF $385 MILLION
    • TRANSACTION WILL GENERATE A POST-TAX GAIN OF $161 MILLION

    Source text: bit.ly/2VirQZc

    (([email protected];))

 
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