Mailpac Group has provided an update on its planned acquisition of the business and assets of My Cart Quick Limited.
The company says the closing date for the transaction has been extended by mutual agreement to October 1, 2026.
Mailpac will acquire MyCart for $1.21 billion, with payment to be made entirely in newly issued shares. The company notes that because the deal is non-cash, it will not affect its cash position.
Mailpac says no shares have yet been issued to the owners of MyCart, as the deal has not closed.
Mailpac adds that MyCart's performance has been included in the Group's consolidated financial statements since April 1, 2024, when it began operating as a division of the company.
comments powered by Disqus
.jpg)
.jpg){kind=logo}
All feeds
