A 1 for 9 rights issue at a modest discount for an in-market merger should be an easy ride for all.
Synergies: two Perth HQ's, two engineering teams, more options on installing or re-deploying generators, CP has plenty unused kit so low capex, both bidding for Africa work.
Should be a straightforward and sweet business combination.
DYOR
Ash
Ann: Pacific Energy to Acquire Contract Power Group, page-10
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