Ellex Enters into An Agreement to Sell its Ellex Lasers & Ultrasound Business

Ellex Medical Lasers Limited (ASX: ELX) has executed a binding Share Sale and Purchase Agreement (SPA) for the sale of the Ellex Lasers & Ultrasound business for $100 million in cash to Lumibird Group SA.

·         The cash amount of $100 million represents 1.5x of Lasers & Ultrasounds FY19 revenues and 10.6x FY19 EBITDA;

·         The Ellex Lasers & Ultrasound business accounted for 80% of the company’s business.

At AEDT 12:45PM, the stock was trading at $0.842 per share, up by 38.033% from its previous close.

 

·         The cash amount of $100 million represents 1.5x of Lasers & Ultrasounds FY19 revenues and 10.6x FY19 EBITDA;

·         The Ellex Lasers & Ultrasound business accounted for 80% of the company’s business.

At AEDT 12:45PM, the stock was trading at $0.842 per share, up by 38.033% from its previous close.

 

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