December 21, 2017 / 12:58 PM / 10 months ago

BRIEF-Axis Auto Finance Signs Definitive Agreement To Acquire Cars On Credit Financial

Dec 21 (Reuters) - Axis Auto Finance Inc:

* AXIS AUTO FINANCE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE CARS ON CREDIT FINANCIAL

* AXIS AUTO FINANCE INC - DEAL PURCHASE PRICE OF $11 MILLION TO BE FUNDED FROM PROCEEDS OF A CONCURRENT $15 MILLION PRIVATE PLACEMENT OF SUBSCRIPTION RECEIPTS

* AXIS AUTO FINANCE INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO AXIS’ ADJUSTED EARNINGS AND ON A PRICE-TO-BOOK BASIS Source text for Eikon: Further company coverage:

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