[AusNOG] TPG acquires iiNet

[John Lindsay]

Where did you see that?

Is that based on the SMH article:

Citi analyst Justin Diddams said the deal makes strong strategic sense, but also believed that Optus may be interested in the potential scale benefits of iiNet.
"The current offer from TPG looks fair value, based on the implied multiples on the deal, albeit slightly below our target price of $9.00 per share," Mr Diddams said.
"That said, it's not a premium price given the likely cost synergies and we note TPG stated the deal is earnings per share accretive in year one. There's also scope for a counter offer from Optus, given the strategic importance of the iiNet customer base."

Read more: http://www.smh.com.au/business/tpg-telecom-to-buy-iinet-for-14b-to-become-no-2-in-internet-service-delivery-20150313-142vm9.html#ixzz3UDSvsgP6 <http://www.smh.com.au/business/tpg-telecom-to-buy-iinet-for-14b-to-become-no-2-in-internet-service-delivery-20150313-142vm9.html#ixzz3UDSvsgP6>

Cheers,

John Lindsay
johnslindsay at mac.com
+61403577711

> On 13 Mar 2015, at 9:32 am, Dylan Chidgey <dylan.chidgey at cirruscomms.com.au> wrote:
> 
> Optus is putting in a counter offer, could get interesting! 
>   <>
> From: AusNOG [mailto:ausnog-bounces at lists.ausnog.net <mailto:ausnog-bounces at lists.ausnog.net>] On Behalf Of Chris Chaundy
> Sent: Friday, 13 March 2015 9:43 AM
> To: Noel Butler
> Cc: ausnog at lists.ausnog.net <mailto:ausnog at lists.ausnog.net>
> Subject: Re: [AusNOG] TPG acquires iiNet
>  
> Not if the ACCC says "no".
> 
> Sent from my iPhone
> 
> On 13 Mar 2015, at 09:37, Noel Butler <noel.butler at ausics.net <mailto:noel.butler at ausics.net>> wrote:
> 
>> Correct, but since the iinet board has unanimously accepted TPG's offer, its only a matter of paperwork now, so its as good as done deal.
>> 
>> On 13/03/2015 08:33, Peter Lawler wrote:
>> 
>>> On 13/03/15 09:11, Andrew Yager wrote:
>>>> TPG has acquired iiNet
>>> I think you'll find that this is a proposal and has not actually
>>> happened yet.
>>>  
>> _______________________________________________
>> AusNOG mailing list
>> AusNOG at lists.ausnog.net <mailto:AusNOG at lists.ausnog.net>
>> http://lists.ausnog.net/mailman/listinfo/ausnog <http://lists.ausnog.net/mailman/listinfo/ausnog>
> No virus found in this message.
> Checked by AVG - www.avg.com <http://www.avg.com/>
> Version: 2015.0.5646 / Virus Database: 4299/9215 - Release Date: 03/02/15
> Internal Virus Database is out of date.
> _______________________________________________
> AusNOG mailing list
> AusNOG at lists.ausnog.net <mailto:AusNOG at lists.ausnog.net>
> http://lists.ausnog.net/mailman/listinfo/ausnog <http://lists.ausnog.net/mailman/listinfo/ausnog>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.ausnog.net/pipermail/ausnog/attachments/20150313/9d453684/attachment.html>