A lot of "IFs" in this takeover Daniel ;-) The iiNet shareholders most likely will be quite pleased...
/Quote: INTERNET provider TPG Telecom has moved to secure full ownership of iiNet, launching an $8.60 per share bid for all securities it does not already own in the company, with a total price tag of $1.4 billion. Under the proposed deal iiNet (IIN) shareholders will receive cash consideration of $8.60 per iiNet share, while those shareholders on the register at March 16 will remain entitled to and will receive the fully franked interim dividend of 10.5c. The offer price combined with the interim dividend comes to $8.705 per share, which represents a 31 per cent premium on the last closing price of $6.65 on a cum-dividend basis. It represents a 33 per cent premium on the one-month volume weighted average price on a cum-dividend basis. TPG (TPM) already own 6.25 per cent of iiNet and today’s offer values the Australian internet service provider at $1.4bn. /End Quote <http://www.theaustralian.com.au/business/mergers-acquisitions/tpg-in-14-billion-takeover-bid-for-iinet/story-fn91vdzj-1227260875568> Cheers, Ronni Sent from Ronni's iPad4 > On 13 Mar 2015, at 10:27 am, Daniel Kerr <[email protected]> wrote: > > Interesting for all the iinet/Westnet/etc customers,…. > > http://www.gizmodo.com.au/2015/03/tpg-is-buying-iinet/ > > If the products are good, and the service and internet stays great,…then > win/win. But it better stay as good as iinet!!! :o) > (in my opinion). :) > > Kind regards > Daniel > > Sent from my iPhone 6 > > --- > Daniel Kerr > MacWizardry > > Phone: 0414 795 960 > Email: <daniel AT macwizardry.com.au> > Web: <http://www.macwizardry.com.au> > > > **For everything Apple** > > NOTE: Any information provided in this email may be my personal opinion and > as such should be taken accordingly, and may not be the views of MacWizardry. > Any information provided does not offer or warrant any form of warranty or > accept liability. It would be appreciated that if any information in this > email is to be disseminated, distributed or copied, that permission by the > author be requested.
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