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…
-
General12 hours agoARIA Awards 2025 winners: Amyl & The Sniffers and Ninajirachi dominate
-
Noosa News12 hours agoPolice officer who tracked Toyah Cordingley’s phone gives evidence at Rajwinder Singh’s murder trial
-
Noosa News21 hours agoChild, 15, arrested over death of another child, 8, after shocking e-bike crash in Queensland
-
Noosa News19 hours agoDeath of German shepherd Arnie prompts Brisbane community action to protect pets caught up in crime