August 4, 2019 / 11:12 PM / 15 days ago

Australia's Credible Labs to be bought out by Fox Corp unit for $397 million

Aug 5 (Reuters) - Consumer lender Credible Labs Inc said on Monday that it entered a definitive agreement to be bought out by a unit of Fox Corp, which it says values it at about A$585 million ($397 million).

Under the terms of the deal, U.S. based-Credible Labs, listed on the Australian Stock Exchange, said its shareholders will receive A$2.21 in cash per CHESS depository interest (CDI), which represents A$55.25 per share of common stock in Credible. ($1 = 1.4728 Australian dollars) (Reporting by Rashmi Ashok in Bengaluru; Editing by Sonali Paul)

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