Canada's Enercare to buy SEHAC Holdings for $340.8 mln

Mon Mar 7, 2016 4:55pm EST
 
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March 7 (Reuters) - Home services provider Enercare Inc said its unit has entered an agreement to buy SEHAC Holdings Corp for $340.75 million, excluding transaction costs, to expand in the North American market.

Enercare also entered an agreement to issue, on a bought deal basis, about C$218 million of subscription receipts to finance a portion of the consideration. (Reporting by Kanika Sikka in Bengaluru; Editing by Shounak Dasgupta)