Edition:
United States

Melbourne IT Ltd (MLB.AX)

MLB.AX on Australia Stock Exchange

2.58AUD
26 May 2017
Change (% chg)

$0.08 (+3.20%)
Prev Close
$2.50
Open
$2.58
Day's High
$2.59
Day's Low
$2.55
Volume
154,331
Avg. Vol
125,115
52-wk High
$2.64
52-wk Low
$1.65

Latest Key Developments (Source: Significant Developments)

Melbourne IT says to acquire WME Group
Monday, 1 May 2017 02:48am EDT 

May 1 (Reuters) - Melbourne IT Ltd : :Melbourne IT to acquire WME Group.Acquisition of WME Group is expected to generate EPS accretion of 12% to 18%.Expected positive impact of approximately $6.5 million to $7.5 million (before synergies) on FY17 underlying EBITDA.Underwritten rights issue raising $30.7m and $9m of debt to fund acquisition.Proposed acquisition of 100% of WME Group for approximately $39 million.WME Group expected to accelerate MLB's growth in average revenue per user (ARPU) through enhanced cross sell and customer retention.Deal to be funded by debt of about $9 million and a fully underwritten $30.7 million rights offer of 1 share for every existing 7 shares at issue price of $2.10.  Full Article

Melbourne IT appoints Stuart Bland as CFO
Sunday, 19 Mar 2017 11:09pm EDT 

Melbourne IT Ltd : Stuart Bland joins melbourne it as cfo-mlb.ax .Bland commences with Melbourne IT on 27th of March, 2017.  Full Article

Melbourne IT appoints Emma Hunt as executive GM for small to medium business
Monday, 15 Aug 2016 12:29am EDT 

Melbourne IT Ltd : Appointment of ms emma hunt to the newly created role of executive general manager for small to medium business (smb) . Appointment of executive general manager - smb Full Article

Melbourne IT announces completion of an acquisition of majority shareholding in Outware Systems Pty Ltd
Tuesday, 16 Jun 2015 02:38am EDT 

Melbourne IT Limited:Announces acquisition of a majority shareholding in Outware Systems Pty Ltd has completed.  Full Article

More From Around the Web

BRIEF-Melbourne IT Ltd seeks trading halt

* Seeks trading halt pending finalisation of a potential corporate acquisition by Melbourne IT and associated funding arrangements Source text for Eikon: Further company coverage: