CNW 0.00% 6.1¢ cirrus networks holdings limited

Ann: New Contract Win and WA Govt ICT Services Panel Status, page-183

  1. 3,244 Posts.
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    This IMO will be an acquisition of a similar ICT company in the Eastern States and therefore is not a material change of business (which would otherwise require shareholder approval)
    One other shareholder approval necessary would be if they raise more than 15% of market cap to fund the acquisition. This is highly probable but I seriously doubt it will be blocked, especially given how much of the company is owned by directors and how 'value accretive' such a transaction would likely be.

    I agree with bcsiles, most likely a mix of stock and cash
 
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