ALL 0.25% $67.87 aristocrat leisure limited

News: ALL Aristocrat Leisure to acquire 100% of Plarium Global Ltd

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    Aug 10 (Reuters) - Aristocrat Leisure Ltd (ALL) -

    • Entered into a binding agreement to acquire 100% of Plarium global limited (plarium), a social gaming company
    • Deal for an upfront amount of us$500m cash
    • Total transaction consideration implies a multiple of 10x ltm ebitda at year end
    • Says deal "expected to be epsa accretive in year one"
    • Ceo and co-founder of plarium, avraham shalel, will continue to lead plarium post acquisition
    • Will fund acquisition via existing cash and an incremental us$425 million 7 year term loan b debt facility
 
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