Today Amcom announced that it had sold down 4.5M of its 35.5M shares in IINet, and will put forward a proposal to distribute the remaining holdings to AMM shareholders and consolidate AMM’s shares on a 3:1 basis. With an average buy price of $1.14 starting in 2006, compared to today’s close of $2.85; Amcom…
Month: June 2011
Speculation of Vocus bid for BigAir (BGL, VOC)
Recently the Australian Financial Review has printed rumours that wholesale telecoms operator Vocus Communications (VOC) is eyeing BigAir as a potential acquisition target. Vocus have made data centre and fibre acquisitions recently, and Vocus’ wholesale business focus would make it an appropriate home for a company like BigAir, whose main channel to the market is…