Sept 26 (Reuters) - Managed Accounts Holdings Ltd MGP.AX
* Submitted a non-binding conditional proposal to undertake a merger with Linear Financial Holdings by acquiring 100% shares of Linear
* Entered into a memorandum of understanding with Shaw And Partners
* Linear ordinary shareholders to receive in excess of 60% of consideration in MGP shares issued at $0.33 per share
* Merger expected to be double digit earnings per share accretive to managed accounts shareholders, post synergies on pro-forma basis
* Deal for enterprise value of $42.5 million
* Intends on funding cash consideration for deal via an equity capital raising