June 13 (Reuters) - Onevue Holdings Ltd (OVH) :
- Onevue and Diversa announce merger (OVH)
- Boards of both Diversa and Onevue have each unanimously agreed to support the transaction
- Combined FY 16 revenues expected to exceed $40M
- Onevue anticipates that combination of the two businesses will be EPS accretive in first year
- Merged entity will realise annualised pre-tax cost synergies in the order of $4M by the end of FY 2018
- Cash requirements of scheme will be fully funded from cash raised in onevue's heavily oversubscribed December 2015/January2016 capital raisings
- Under deal,each Diversa shareholder may receive 1.2375 Onevue shares for each share
- Under deal,each Diversa shareholder have option to receive 1.073 Onevue shares for each Diversa share plus cash of $0.10 per Diversa share
