Nah Tony Grist stated that they felt a new CEO should neither be M2 or Vocus but from outside, if you look into it the merged companies rebranded to Vocus but are effectively still running as M2. I think you will find that Mr Grist and Mr Spenceley were trying to suggest to the board that the next growth needed a fresh set of eyes rather than continuing with the old. Mr Spenceley has been on record on a number of occasions stating that he had no interest in being CEO again. TPG was too debt leveraged after iiNet to buy Vocus and the ACCC had made it quite clear that they wouldn't approve such a takeover. It does make me wonder that rather than Vocus needing M2 that M2 needed the Vocus merger to actually strengthen their books by having assets
VOC Price at posting:
$5.85 Sentiment: Sell Disclosure: Not Held
