MMS 0.53% $14.91 mcmillan shakespeare limited

News: MMS Australia's McMillan Shakespeare to buy Eclipx Group for $662 mln

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    Nov 8 (Reuters) - Australian administrative services provider McMillan Shakespeare Ltd (MMS) said on Thursday it would buy Eclipx Group Ltd (ECX) for an implied value of A$911.3 million ($662.15 million), or A$2.851 per share.

    In a joint statement, Eclipx said its board recommended the offer, which is expected to be put to a vote by shareholders in early 2019. ($1 = 1.3763 Australian dollars)

 
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