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BRIEF-Bingo Industries Receives Green Light From ACCC On Dial A Dump Acquisition

Published 28/02/2019, 10:58 am
Updated 28/02/2019, 11:00 am
© Reuters.  BRIEF-Bingo Industries Receives Green Light From ACCC On Dial A Dump Acquisition

Feb 28 (Reuters) - Bingo Industries Ltd BIN.AX :

* BINGO RECEIVES GREEN LIGHT FROM ACCC ON DIAL A DUMP ACQUISITION

* BINGO ANNOUNCES THAT BOARD HAS APPROVED IMPLEMENTATION OF AN ON-MARKET BUY-BACK OF UP TO $75 MILLION OF ITS ORDINARY SHARES

* EXPECTS TO ACHIEVE RUN-RATE COST SYNERGIES OF AROUND $15 MILLION PER ANNUM OVER A TWO-YEAR PERIOD FROM DIAL A DUMP ACQUISITION

* BUY-BACK IS EXPECTED TO COMMENCE ON 15 MARCH 2019 AND WILL END 12 MONTHS FROM DATE OF THIS ANNOUNCEMENT

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