- 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
Maggie Beer: Reveals $40M Hampers & Gifts buyout
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