May 12 (Reuters) - Carsales.Com Ltd CAR.AX :
* CARSALES ANNOUNCES ACQUISITION AND ENTITLEMENT OFFER
* TO ACQUIRE A 49.0% INTEREST IN TRADER INTERACTIVE FOR US$624M
* TRANSACTION IS EXPECTED TO BE EPS POSITIVE ON A PRO-FORMA BASIS, WITH MID-SINGLE DIGIT EPS ACCRETION FROM YEAR ONE
* ACQUISITION IS TO BE FUNDED WITH FOLLOWING COMBINATION OF EQUITY AND DEBT
* ACQUISITION PRICE VALUES TRADER INTERACTIVE ON A 100% EV BASIS AT US$1,625 MILLION
* LAUNCH OF ABOUT A$600M FULLY UNDERWRITTEN PRO-RATA ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER
* SEES FY21 ADJUSTED REVENUE A$433-A$437 MILLION
* SEES FY21 ADJUSTED NPAT A$149-A$153 MILLION
* UNDER ENTITLEMENT OFFER, ELIGIBLE SHAREHOLDERS WILL BE ENTITLED TO SUBSCRIBE FOR 1 NEW CARSALES SHARE FOR EVERY 6.99 SHARES HELD