Update on this subject - "TPG Telecom has established contact with iiNet founder Michael Malone to allay his fears for the fate of staff and customers as it continues to promote its $1.4 billion bid to become Australia's second-largest broadband provider."
<http://www.geelongadvertiser.com.au/news/tpg-chases-malone-backing/story-fnjbnts5-1227278951103> Cheers, Ronni Sent from Ronni's iPad4 > On 23 Mar 2015, at 8:22 pm, Daniel Kerr <[email protected]> wrote: > > Yes,…an interesting story unfolding,…and even given that TPG's offer is $8.60 > per share,…and they're currently trading at $8.85 per share….. > More interesting times ahead I think. > And I notice on a side link to that story that the "new" CFO left to go back > to Officeworks after being there a few weeks,….lol. (jumping ship?) hehe. > > Fun and games ahead……. > Will be interested to see how it all unfolds and what happens with it. I > quite like my iinet service I've had forever,…so having to look somewhere > else is not an easy task,…….that's a rainy day job! > > 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. > >> On 23/03/2015, at 6:35 PM, Ronda Brown <[email protected]> wrote: >> >> I did say there were "A lot of 'Ifs and Buts'" in this takeover offer... >> >> Update on the subject: >> iiNet founder Michael Malone slams TPG offer, calls for board spill >> >> /quote: >> The founder of internet takeover target iiNet, Michael Malone, is gathering >> support from fellow shareholders to try to scuttle TPG Telecom's $1.4billion >> takeover bid for his former company, stating the offer is undervalued and >> calling for all but two of the board to be sacked. >> Mr Malone is now the leading figure in an increasingly bitter shareholder >> revolt to either stop the takeover, which would create Australia's >> second-biggest broadband provider behind Telstra, or force TPG to offer >> better terms. >> /End Quote: >> >> Read more: >> http://www.smh.com.au/business/iinet-founder-michael-malone-slams-tpg-offer-calls-for-board-spill-20150323-1m5cl9.html#ixzz3VCg3PTeX >> >> Cheers, >> Ronni >> >> Sent from Ronni's iPad4 >> >> >>> On 13 Mar 2015, at 10:53 am, Daniel Kerr <[email protected]> wrote: >>> >>> Yes, lots of IF's,…lol. I have a few shares in them,..so yes good, but if >>> service goes downhill, then it's bad. So I'll stay 50/50 for now,…lol. >>> >>> And yes Stephen they're about number 2 or 3 largest now I think with all >>> their little take overs they did over the years. >>> Bigpond I think have had to up their game to move from the "omg how bad is >>> their service" to "ok, they're getting slightly better". I still have >>> horror stories with them sometimes in my job, but yes, they're certainly a >>> lot better then they used to be! (always room for improvement). ;o)) >>> Glad you got better speeds though, that's always a good thing!! >>> >>> 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. >>> >>>> On 13/03/2015, at 10:49 AM, Ronda Brown <[email protected]> wrote: >>>> >>>> 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** >> -- The WA Macintosh User Group Mailing List -- Archives - <http://www.wamug.org.au/mailinglist/archives.shtml> Guidelines - <http://www.wamug.org.au/mailinglist/guidelines.shtml> Settings & Unsubscribe - <http://lists.wamug.org.au/listinfo/wamug.org.au-wamug>
