Ann: Competing proposal for iiNet - update, page-3

They must have received a slap on the wrist from someone - there's no way they should have allowed those "synergy benefits" to be considered part of the offer price.

So the offer now (with the drop in M2 Share price) is just $9.37, plus a few franking credits and possible CGT rollover relief.

Does make you wonder why the IIN price closed today at $10.02?? I personally believe its optimistic to think that TPM will just rock up with an extra $1.40 over the $8.60 offer already on the table.