Sept 26 (Reuters) - Cover-More Group Ltd (CVO) :
- Travelex insurance services acquisition (CVO)
- Deal for us$105million
- Deal is expected to be low single digit EPS accretive
- Current forecast for the full year EBITDA result in line with market
consensu in the range of A$48.1 - A$52.9 million
- The acquisition will be funded through a fully underwritten, pro-rata,
accelerated non-renounceable entitlement offer
- Have removed senior staff from operations in certain offshore markets as well
as restructured back office functions
