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4-Traders Homepage  >  Equities  >  Nasdaq  >  Lendingtree Inc    TREE

LENDINGTREE INC (TREE)
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LendingTree : to Acquire Ovation Credit Services

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05/11/2018 | 05:36pm CEST
Deal Type: Acquisition
Deal Sub Type: Majority Acquisition
Deal Country: United States of America
Deal Status: Announced
Deal Value: 20.7500 Million USD

Deal in Brief

LendingTree, Inc., a company involving in online loan marketplace for consumers seeking loans and credit-based offerings, has entered into a definitive agreement to acquire Ovation Credit Services, Inc., a provider of credit report repair and correction consulting services, for USD20.75 million. Both companies involved in the transaction are based in the US. Under the terms of consideration, LendingTree will pay USD12 million in cash at closing, and contingent consideration payments of up to USD8.75 million. Following the transaction, Ovation Credit Services' team will join LendingTree. Terry Cordell is the president of Ovation Credit Services. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second quarter of 2018.

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04/26FINANCIALS - TOP 5 GAINERS / LOSERS : 00 pm (04/26/2018) 
04/26Midday Gainers / Losers (04/26/2018) 
Financials ($)
Sales 2018 786 M
EBIT 2018 104 M
Net income 2018 74,1 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 55,21
P/E ratio 2019 47,97
Capi. / Sales 2018 4,37x
Capi. / Sales 2019 3,52x
Capitalization 3 434 M
Chart LENDINGTREE INC
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 339 $
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Douglas Robert Lebda Chairman & Chief Executive Officer
Neil Salvage President
J. D. Moriarty Chief Financial Officer
Paul Tyma Chief Technology Officer
Peter C. Horan Independent Director
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