Reuters: Mergers News: UPDATE 1-DirectCash Payments to buy Australia's Customers Ltd

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-DirectCash Payments to buy Australia's Customers Ltd Apr 2nd 2012, 04:43 Mon Apr 2, 2012 12:43am EDT April 2 (Reuters) - ATM services provider DirectCash Payments Inc said it has agreed to buy Australian peer Customers Ltd for about A$173 million ($178.63 million) in cash to expand its business globally. DirectCash has agreed to pay Customers A$1.27 per share in cash, it said in a statement. At signing, Customers will have A$37 million in outstanding debt. DirectCash expects the deal to add to its funds from operations per share in the first fiscal year. It will fund the transaction with a combination of debt and equity financing, it said. Following the acquisition, expected to close in the third quarter of 2012, DirectCash will have ATM operations in Canada, Australia, New Zealand, Mexico, the United Kingdom and the United States.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions