Business
Geoff Wilson’s WAM Capital bids for Amaysim – The Australian Financial Review
WAM Capital has offered to buy 100 per cent of soon-to-be retired telco Amaysim, in a move to acquire new investors and maximise franking credits.
The deal depends upon Amaysim shareholders voting in favour of Optus’ offer to buy the mobile business. The vote is due in January.
“The board unanimously recommends shareholders accept the WAM offer and the directors have indicated that they each intend to accept the WAM offer in respect of all Amaysim shares they own or control, both in the absence of a superior proposal,” Amaysim said in a joint market announcement with WAM on Tuesday.
Under the original plan to wind up the company, Amaysim said…
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