Business
Big Super’s big warning to public markets – The Australian Financial Review
Aware Super’s super-sized bid for a telco junior is a small example of the super sector’s much bigger push into public markets.
Awares answer to that has been to throw cash at the problem, and then make its bid conditional on the acquisition of 50.1 per cent of OptiComm.
Uniti, which quite reasonably sees itself as the more natural owner of OptiComm given the overlap between their businesses, has negotiated a right to match any rival bid and now has three days to consider its position, which it is going.
It will be no surprise if Uniti matches. And it will be no surprise if Aware is prepared to pump its bid up further,…
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