Market Wrap
AMA Group strikes a deal to buy Woods Accident Repair for $2m
Trevor HoeyColumnistAMA Group said on Wednesday it had struck a deal with Woods Accident Repair Centres to provide services for its operations for six months with an option to acquire the group at the end.
The pair agreed on a purchase price of $2 million, about three-times earnings before interest and tax, with earn-out payments over the following three years.
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Trevor uses economic trends and fundamental analysis to identify quality stocks across all sectors. Trevor analyses breaking news, giving active investors an important edge. Connect with Trevor on Twitter. Email Trevor at thoey1@bigpond.com
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