Telecommunications carrier 5GN Networks has made a $21.6 million takeover bid for Webcentral Group, which owns Melbourne IT, Netregistry and Domainz.
The Webcentral board has determined that the 5GN proposal is superior to a July scheme of arrangement between Webcentral and US-based technology company Web.com Group. The board had previously recommended shareholders vote in favour of the scheme in the absence of a better offer.
Web.com Group now has five business days to produce a matching or superior proposal.
https://www.webcentralgroup.com.au/investors/

5GN makes takeover bid for Webcentral Group
- By admin
- on April 22, 2017
- in Merger and Acquisitions
1 Comment
Phil April 22, 2017
Wow, I love this post! Thanks for the information!
Leave a comment