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Ann: TPG to Acquire iiNet in a Recommended Transaction, page-29

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TeTeTe

2,304 Posts.

13/03/15

11:58

Post #: 14908610
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Originally posted by oosie ↑

According to the Sale Offer the IIN shareholders will get only Cash Consideration of $8.60 / share plus 10.5c Interim Dividend if you held IIN shares by 16th March. There may be a special fully franked dividend payable by IIN but this will dilute the $8.60 by that amount however there could be franking credits on that spec dividend. There is no swap of shares. But wait there could be a counter takeover by someone e.g. Optus or a Private Equity firm in the meantime. Lets wait and see!

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Your kidding right. Who in their right mind would offer a higher price than $8.60. When that was at least 50% more than it should have been in the first place. TPM got royally screwed on that deal.

IIN Price at posting: $8.62 Sentiment: None Disclosure: Not Held

TPM Price at posting: $9.07 Sentiment: Sell Disclosure: Not Held
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