2222 GMT - The price paid by COG Financial Services to acquire the EasiFleet novated leasing and salary packaging business looks fair to Ord Minnett. COG Financial Services says the deal is worth an initial A$40 million, plus a deferred consideration of up to A$4.6 million. Analyst Ian Munro says the upfront consideration represents a multiple of 6x Ebitda "which we believe is a fair price relative to the synergy potential and complementary customer exposures." Ord Minnett retains an "accumulate" call on COG Financial Services and raises its price target by 6.8%, to A$2.04/share. COG Financial Services ended Wednesday at A$1.89. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 03, 2025 18:22 ET (22:22 GMT)
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