Edition:
United Kingdom

Blucora To Acquire 1St Global


Tuesday, 19 Mar 2019 

March 19 (Reuters) - Blucora Inc ::BLUCORA TO ACQUIRE 1ST GLOBAL.COMPANY INTENDS TO FUND TRANSACTION WITH CASH ON HAND AND A $125 MILLION ADD-ON TO ITS EXISTING CREDIT FACILITY, DUE IN 2024.TRANSACTION IS STRUCTURED AS A STOCK PURCHASE WITH A PURCHASE PRICE OF $180 MILLION.TRANSACTION IS EXPECTED TO BE ACCRETIVE TO BLUCORA'S EARNINGS PER SHARE AND FREE CASH FLOW.UPDATED ITS OUTLOOK FOR Q1 OF 2019.ESTIMATES TRANSACTION CAN GENERATE $23 - $24 MILLION OF RUN-RATE ADJUSTED EBITDA ACCRETION BY END OF 2019.TRANSACTION IS STRUCTURED AS A STOCK PURCHASE WITH A PURCHASE PRICE OF $180 MILLION.SEES Q1 REVENUE OF $224.0 MILLION - $229.0 MILLION.SEES Q1 NON-GAAP NET INCOME PER SHARE $1.41 - $1.49.SEES Q1 EARNINGS PER SHARE OF $1.14 - $1.20.Q1 EARNINGS PER SHARE VIEW $1.25, REVENUE VIEW $216.7 MILLION -- REFINITIV IBES DATA.SEES H1 2019 TAX PREPARATION REVENUE (Y/Y GROWTH) OF 8% - 11%. 

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