Business
Why the GUD (ASX:GUD) share price will be on watch this morning
GUD Holdings Limited (ASX: GUD) shares will be on watch this morning following the company’s update regarding its acquisition of several businesses.
At market close yesterday, the GUD share price finished the day 0.16% lower at $12.78.
What did GUD announce?
In yesterday’s announcement, GUD advised it has entered into an agreement to acquire Australian Clutch Services and its subsidiaries, XCLUTCH USA Inc and ACS NZ Pty Limited. The total value of the takeover is $32 million, subject to customary price adjustments.
GUD noted that ACS alone recorded normalised earnings before interest and tax (EBIT) of $5.7 million in FY20.
It will be interesting to see how the GUD share price performs today after the company advised it…
-
Business23 hours agoIs Warren Buffett’s Berkshire Hathaway the smartest investment you can make today?
-
General23 hours agoTop chess player Magnus Carlsen forced into draw in historic game against over 134,000 people
-
Noosa News9 hours agoCommissioner thanks police officer who threw a speed radar at a car
-
General23 hours agoTaiwan’s President Lai Ching-te calls for peace and dialogue with China while also calling for defence boosts