Nov 16 (Reuters) -
Australian accounting software provider Reckon Ltd RKN.AX said on Thursday it would sell its accounting practice management software business to MYOB Group MYO.AX for A$180 million ($136.57 million) in an all-cash deal.
Reckon said in a statement it intended to use the proceeds from the deal to repay "the majority of its debt" and pay a special dividend to shareholders.
($1 = 1.3180 Australian dollars)