Eagers Automotive Ltd
APE: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <KZ | LOCK|?>$H? | LOCK|drn&xZN |
Eagers Automotive: Corporate Action - CanadaOne Acquisition Marks First International Foray
Eagers Automotive announced a 65% investment in CanadaOne Auto for about AUD 1 billion, comprising AUD 386 million in scrip and AUD 658 million in cash. The acquisition will be partly funded by an entitlement offer of AUD 452 million and a separate placement to Mitsubishi Corporation.
