Intuit Inc

NASDAQ:INTU   3:59:58 PM EDT
567.11
-10.81 (-1.87%)
Debt Financing / Related, Equity Investments, Other Pre-Announcement

Intuit To Acquire Mailchimp

Published: 09/13/2021 20:16 GMT
Intuit Inc (INTU) - Intuit to Acquire Mailchimp.
Intuit Inc - Deal for Approximately $12 Billion in Cash and Stock.
Intuit Inc - Transaction is Expected to Be Accretive to Intuit's Non-GAAP Earnings per Share for Full Year Fiscal 2022.
Intuit Inc - Deal Consideration Includes About $300 Million of Assumed Mailchimp Employee Transaction Bonuses That Will Be Issued in Form of Rsus.
Intuit Inc - Expects Cash Consideration to Be Financed Through Cash on Hand and New Debt of Approximately $4.5 Billion to $5.0 Billion.
Intuit Inc - Transaction is Not Expected to Have an Impact on Intuit's Existing Dividend and Share Repurchase Principles.
Intuit - Remaining Consideration Payable to Be Payable in About Equal Parts of Cash, Co's Stock, With Shares of Co's Stock Being Valued at $562.61/share.