The report advises you can apply for script rollover relief, so no CGT is applicable if taking new shares in merge Co.
A few interesting points i saw being:-
- Recapitalisation of ~$150M for Singapore before the merger. - Singapore will have equity contributed of ~$500M. - Accumulated tax losses of $4.35B should be able to be carried forward subject to confirmation from ATO, as long it meets the business continuation test. - Value of tax loses are $1.3B but the Independent export report only adopted $350m - $400m - Special dividend to be between $0.60 - $0.67. Goldman Sachs $0.67, UBS & Credit Suisse tipping $0.60. in the AFR today! - Interest rate on debt of 2.52% - $27.5M annual fee for the Vodafone brand - Forecast synergies of $200M although not expected until around 2023.
TPM Price at posting:
$7.63 Sentiment: None Disclosure: Not Held
