March 6 (Reuters) - Axis Auto Finance Inc AXIS.V :
* AXIS AUTO FINANCE SIGNS DEFINITIVE AGREEMENT TO ACQUIRETRENDFINANCIAL CORP. AND ANNOUNCES THE APPOINTMENT OF TODD HUDSON ASCEO
* AXIS AUTO FINANCE INC - ACQUISITION OF TREND FINANCIALROUGHLYDOUBLES AXIS' PORTFOLIO OF NET FINANCE ASSETS TO ABOUT $110MILLION
* AXIS AUTO FINANCE INC - TRANSACTION IS EXPECTED TO BEIMMEDIATELY ACCRETIVE TO AXIS' ADJUSTED EARNINGS AND BOOK VALUE
* AXIS AUTO FINANCE INC - ILJA TROITSCHANSKI TO REMAIN ASPRESIDENT OF AS AXIS
* AXIS AUTO FINANCE INC - DEAL FOR CONSIDERATION OFAPPROXIMATELY$29.3 MILLION
* AXIS AUTO FINANCE - PLANS TO FUND DEAL THROUGH PRIVATEPLACEMENTOFFERING OF SUBSCRIPTION RECEIPTS, EXTENDIBLE CONVERTIBLEDEBENTURES
* AXIS AUTO FINANCE- DEAL PURCHASE PRICE TO BE SATISFIED BYABOUT$23.9 MILLION CASH, ISSUANCE OF ABOUT 6.95 MILLION SHARES, 6.6MILLION SHARE PURCHASE WARRANTS