Australia’s McMillan Shakespeare to buy Eclipx Group for $662m

One dollar and 10 cents in Australian currency sit atop a U.S. one dollar note in this photo illustration taken in Sydney July 27, 2011. REUTERS/Tim Wimborne/Files

Australian administrative services provider McMillan Shakespeare Ltd will buy Eclipx Group Ltd for an implied value of A$911 million ($661.9 million), or A$2.85 per share, in cash and stock, the companies said on Thursday.

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