Business
5GN makes $21.6m takeover bid for Webcentral, expects to generate $7m in shared synergies – Small Caps
Telecommunications carrier 5G Networks (ASX: 5GN) has made a $21.6 million off-market takeover bid for Australian digital services provider Webcentral Group (ASX: WCG).
Telecommunications carrier 5G Networks (ASX: 5GN) has made a $21.6 million off-market takeover bid for Australian digital services provider Webcentral Group (ASX: WCG).
5GN proposes to acquire all of the shares in Webcentral (which rebranded from Arq Group in June), at an implied price of $0.177 per share, to generate synergies across both businesses of over $7 million per year on a run-rate basis.
It will also provide a loan to Webcentral to allow the company to pay existing financiers the fu…
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