Monday, July 23, 2007

UPDATE 1-Australia's HFA to buy U.S. fund Lighthouse

(Reuters) - HFA will offer $348.5 million in cash and 134.67 million
HFA shares for Lighthouse. The shares will be offered to
Lighthouse's existing management.




HFA, which listed on the Australian Stock Exchange last
year, said the offer price is about 11 times Lighthouse's
estimated earnings for 2008.


Read more at Reuters.com Mergers News

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