EML Payments Limited (ASX: EML) is set to acquire Prepaid Financial Services (Ireland) Limited (PFS) for an upfront enterprise value of $423 million, including an earn-out component of up to $103 million.
The company is undertaking:
- A fully underwritten entitlement offer to raise ~$183 million.
- A fully underwritten institutional offer to raise ~$67 million.
- A new fully underwritten multicurrency $175 million debt facility.
- Share consideration to continuing management of PFS of ~$77 million at the offer price.
New shares would be issued at $3.55 per share under the offers.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.