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BRIEF-ECN Capital to acquire Service Finance Holdings
June 8, 2017 / 11:22 AM / 5 months ago

BRIEF-ECN Capital to acquire Service Finance Holdings

June 8 (Reuters) - ECN Capital Corp

* ECN Capital signs definitive agreement to acquire Service Finance Holdings

* ECN Capital Corp says under terms of agreement, ECN Capital will pay C$410 million (US$304 million) in cash for service finance

* ECN Capital -on pro forma basis, acquisition will be immediately accretive to adjusted earnings per share and return on equity in 2017 and beyond

* ECN Capital Corp -in addition, ECN Capital has agreed to a deferred purchase price earn-out plan with founders

* ECN Capital Corp says transaction is expected to close in Q3 of 2017 Source text for Eikon: Further company coverage:

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