Specialist industry signalCross-border relevantPublication date verified
Equals enters conditional process to acquire OFX
WHAT HAPPENED
OFX entered a Transaction Process Deed that gives Equals a four-week exclusive period to finish confirmatory due diligence, arrange debt financing and negotiate a binding Scheme Implementation Deed. The proposed cash consideration is A$1.00 per OFX share, implying about A$247 million of equity value and A$233 million of enterprise value.