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BRIEF-Henry Morgan provides JB Financial update of proposed acquisition of Genesis
June 22, 2017 / 11:28 PM / 5 months ago

BRIEF-Henry Morgan provides JB Financial update of proposed acquisition of Genesis

June 23 (Reuters) - Henry Morgan Ltd

* JB Financial has advised that it has entered into negotiations for acquisition of Genesis Proprietary Trading Pty Ltd

* Consideration for acquisition of genesis is $11 million, half of which is payable by way of shares in JB Financial issued at $6.14 per share

* “Significant synergies are expected included reduced dealing costs through scale” Source text for Eikon: Further company coverage:

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