Reuters logo
BRIEF-Corporate Travel Management says rights issue for acquisitions and updated guidance
December 13, 2016 / 10:05 PM / 9 months ago

BRIEF-Corporate Travel Management says rights issue for acquisitions and updated guidance

Dec 13 (Reuters) - Corporate Travel Management Ltd

* Corporate Travel Management Ltd - Acquisition to be funded by a fully underwritten renounceable entitlement offer to raise $71.085m

* Corporate Travel Management Ltd -Has entered into binding agreements to acquire all of share capital of both of Redfern Travel and Andrew Jones Travel

* Corporate Travel Management Ltd - Announces acquisition of Redfern Travel, UK and Andrew Jones Travel, Australia

* Corporate Travel Management Ltd - CTM’s updated FY17 underlying EBITDA guidance is $92m-$97m, representing 33%-41% growth on FY16 EBITDA

* Corporate Travel Management Ltd - Redfern Travel initial consideration is GBP40.0m

* Corporate Travel Management Ltd - Total consideration for Andrew Jones travel is $5.625m

* Corporate Travel Management Ltd - Rights issue for acquisitions and updated guidance-CTD.AX Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below