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TPG put it in their PIPE and smoke it
The shareholders of PIPE Networks have approved a A$371m (US$345m) takeover of the group by TPG Telecom.
94.1% of the votes cast approved the A$6.30-a-share takeover.
Minter Ellison is advising SP Telemedia while Macquarie Capital Advisers and Clayton…
The shareholders of PIPE Networks have approved a A$371m (US$345m) takeover of the group by TPG Telecom.
94.1% of the votes cast approved the A$6.30-a-share takeover.
Minter Ellison is advising SP Telemedia while Macquarie Capital Advisers and Clayton Utz are advising Pipe.
Through the acquisition, SP Telemedia will gain control of networks in Sydney, Melbourne and Brisbane. It will also procure PPC-1, a Sydney-to-Guam international cable.
Regulatory approval is due to be granted on March 17.
