'Greentree is a cash cow and MYOB will bleed it dry:’ Kepes
Aussie company won't reveal financials for its latest New Zealand acquisition – so NBR gets Ben Kepes to run some numbers. PLUS: Will Bain exit with a $1.3 billion block trade? With special feature audio.
Tue, 02 Aug 2016
ASX-listed MYOB has bought its fifth New Zealand company in three years, picking up privately-held Greentree for $25.5 million, plus a bonus $3 million in 2018 if “certain conditions” are met (presumably earn-out targets being met and/or key staff sticking around).
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