Dec 12 (Reuters) - Cover-More Group Ltd (CVO) :
- Says Zurich Insurance Co Ltd will acquire all of ordinary shares in Cover-More by way of a scheme of arrangement
- Says Cover-More shareholders will be entitled to receive A$1.95 cash per share
- Says offer at scheme consideration implied enterprise value of A$854 million, on a fully diluted basis
- Says Cover-More's board unanimously recommends scheme
- Says Cover-More is permitted to pay an interim and/or special dividend on or prior to implementation of scheme
- Says expects to deliver EBITDA in range of $54 million to $57 million for FY17
