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Announced

Woolworths Group to acquire an 80.2% stake in MyDeal.com for $136m.

Financials

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Transaction Value£109m
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium62.8%
One Off Charge-

Tags

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Single Bidder

Friendly

Pending

online retail

Majority

Acquisition

Domestic

Australia

E-commerce

Public

Synopsis

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Woolworths Group, an Australian trans-Tasman retailer, offered to acquire an 80.2% stake in MyDeal.com, an Australian online retail marketplace, for $136m. "The transaction is a highly attractive proposition for MyDeal sharehold and represents a significant premium to MyDeal's share price. I am excited to retain a significant and cont interest in MyDeal and to lead the business through its next stage of growth to become Australia's leading marketplace," Sean Senvirtne, MyDeal.com CEO.

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