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Carsales will offer investors new shares at $17 each to raise $600 million to fund the acquisition, with the remaining $222 million to be funded with existing debt facilities.

European investment major Eurazeo is set for a 2.8x return selling its stake in powersports, RV and truck online advertising and marketing specialist Trader Interactive in a deal valuing the business at more than $1.6bn.

ASX dips 0.7pc amid regional sell-off over US inflation fears Save Share The Australian sharemarket tumbled for a second straight session, extending its fall away from its record high, as concerns over Wednesday’s pending US inflation report prompted a sell-off across regional markets. The S&P/ASX 200 Index dropped 52.1 points, or 0.7 per cent, to 7044.9, down 1.8 per cent from the record high it hit on Monday.   Japan’s TOPIX index dropped 1.3 per cent, Korea’s KOSPI dipped 1.6 per cent and New Zealand’s NZX 50 lost 0.6 per cent. “Despite the severity of the moves...

Carsales (ASX:CAR) share price halted to raise funds for major US acquisition Carsales (ASX:CAR) share price halted to raise funds for major US acquisition The Carsales.Com Ltd (ASX:CAR) share price is in a trading halt ahead of a major US acquisition. Here’s what you need to know… James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn't looked ...

/PRNewswire/ -- Trader Interactive, parent company to premier online recreation and commercial vehicle marketplace sites, has launched its marine-only site,...