Less than 1 min.Read

Maggie Beer: Reveals $40M Hampers & Gifts buyout

March 29, 2021

Maggie Beer Holdings (MBH) has agreed to purchase eCommerce company Hampers & Gifts Australia in a $50 million cash-scrip deal
To help fund the purchase, MBH looking to raise up to $30 million
The capital raise will see company shares being offered at 35 cents each, representing a 4.1 per cent discount to yesterday’s closing price
The purchase comes as Maggie Beer Holdings also aims to boost its eCommerce business which grew by 167 per cent in the December half
Company shares have entered a halt this morning ahead of completing this capital raise
Maggie Beer Holdings last traded at 36.5 cents per share on March 29