INDEPENDENT NEWS

Scheme implementation deed (SID) to acquire Calliden Group

Published: Thu 28 Aug 2014 05:15 PM
Steadfast enters into a scheme implementation deed (SID) to acquire Calliden Group
• Steadfast to acquire eight agencies expected to deliver cash EPS accretion of 10% in first full year
• Immediate on-sale of the general insurance operations and part of the agency operations to Munich Holdings of Australasia (MHA), a subsidiary of Munich Re
• Scheme values Calliden at $105.4 million based on cash consideration of 41.5 cents per share and an anticipated special dividend of 5.0 cents per share
• Strengthens partnership with Munich Re and Great Lakes Australia
For more details, please refer to the ASX announcement attached. A copy of the SID can be found attached to the announcement in the Investor section of our website atwww.steadfast.com.au

Next in Business, Science, and Tech

Business Canterbury Urges Council To Cut Costs, Not Ambition For City
By: Business Canterbury
Wellington Airport On Track For Net Zero Emissions By 2028
By: Wellington Airport Limited
ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
By: Landcare Research
Auckland Rat Lovers Unite!
By: NZ Anti-Vivisection Society
$1.35 Million Grant To Study Lion-like Jumping Spiders
By: University of Canterbury
Government Ends War On Farming
By: Federated Farmers
View as: DESKTOP | MOBILE © Scoop Media