Tuesday, 10 July 2007

UPDATE 1-Australia's United buys Unicco for A$477 mln

(Reuters) - The acquisition, which was expected to add 5 percent to its
earnings per share in the first year, would boost United's
global property services business.




United, whose shares were placed on a trading halt earlier
on Wednesday, said it planned to partly fund the deal with an
institutional share placement of A$231 million, with an extra
A$50 million placement subject to shareholder approval.


Read more at Reuters.com Mergers News

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