Super Cheap Auto Group Limited Completes Acquisition of Rays Outdoors
Tuesday, 1 June 2010
Super Cheap Auto Group Limited (the “Company”) yesterday evening successfully completed its acquisition of Ray’s Outdoors announced to the market on 27 April 2010.
Following stock counts of all Ray's Outdoors stores and its distribution centre, the final consideration for the business was agreed at $53.0 million.
The Company noted that minor post - settlement adjustments for
pre-payments and accruals will be finalised prior to the end of the
current financial year.
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For further information, please contact:
Peter Birtles
Managing Director
Super Cheap Auto Group
Ph: 07 3482 7500