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BRIEF-Mantra Group says unit entered agreement to acquire ALM Management Services

Published 18/05/2016, 11:23 am
© Reuters.  BRIEF-Mantra Group says unit entered agreement to acquire ALM Management Services

May 18 (Reuters) - Mantra Group Ltd MTR.AX :

* Says unit entered into an agreement to acquire ALM Management Services LLC

* Deal for purchase price of US$52.5 million

* Impact of the ala moana acquisition and today's placement is expected to be accretive to underlying EPS (excluding transaction costs) in FY 2017.

* Launching a fully underwritten institutional placement of about 27.0 million shares to raise about A$100 million

* Ala moana acquisition is expected to contribute approximately US$7 million in underlying ebitdai in the first full year of ownership

* Mantra Group reconfirms FY 2016 guidance provided on 19 February 2016

* Guidance excludes the impact of the Ala Moana acquisition that is expected to settle end of July 2016

* Source text for Eikon ID:nASX9RWD1p

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