Nov 29 (Reuters) - Bapcor Ltd (BAP) :
- ANNOUNCES AGREEMENT TO ACQUIRE COMMERCIAL TRUCK PARTS GROUP
- SIGNED AN AGREEMENT TO PURCHASE 5 COMPANIES THAT SPECIALISE IN SALE OF JAPANESE COMMERCIAL TRUCK SPARE PARTS
- PURCHASE WILL BE FUNDED THROUGH EXISTING DEBT FACILITIES AND ISSUANCE OF NEW SHARES IN BAPCOR LIMITED
- EARNINGS FROM ACQUISITION IN REMAINING PERIOD OF FY19 ARE EXPECTED TO MORE THAN OFFSET FULL YEAR EARNINGS OF TRS WHICH WAS DIVESTED
- $15M OF PURCHASE COST IS DEFERRED UNTIL 12 MONTHS AFTER COMPLETION AND IS SUBJECT TO CERTAIN CONDITIONS
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News: BAP Bapcor Announces Agreement To Acquire Commercial Truck Parts Group
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