It was a good idea. Sydney - Friday - November 16: (RWE...

It was a good idea.

Sydney - Friday - November 16: (RWE Australian Business News) -
Engin (ASX:ENG) confirms it has accepted Network Investment Holdings Pty
Limited's off-market takeover bid for all the ordinary shares in Unwired
Group Limited held by Engin. The amount Engin will receive following
acceptance of the offer is $25.1 million.
Engin will repay the debt facility that the Seven Network Group
provided to it to fund the acquisition of the 19.8% stake in Unwired.
The amount owing to the Seven Network Group as at 31 October 2007 was
$21.1 million (comprising a principal amount of $20.8 million plus
capitalised interest of $0.3 million). Following repayment, Engin's net
proceeds will be $4.0 million.