Business
Here’s why the TPG (ASX:TPG) share price surged by 5% today – Motley Fool Australia
The TPG share rose 5% higher after the ACCC announced that it will not oppose Optus’ proposed buyout offer of Amaysim.
The TPG Telecom Ltd (ASX: TPG) share price received a boost today after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose a proposed buyout offer of Amaysim from Optus. This surprising announcement has now opened the door for TPG to make a counter offer for Amaysim’s prized business.
The TPG share price jumped by 4.81% today to $8.07 following the announcement.
What’s the background behind this
Optus had offered $250 million to Amaysim’s shareholders to…
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