Business
New twist in 5G Networks (ASX:5GN) takeover of ASX-listed Webcentral – The Motley Fool Australia
The continuing saga of 5G Networks’ acquisition of Webcentral took another twist today, sending the share prices of both companies tumbling.
The continuing saga involving the 5G Networks Ltd(ASX: 5GN) acquisition of Webcentral Group Ltd(ASX: WCG) took another twist today.
5G Networks advised that the Australian Takeovers Panel had received another application from Webcentral’s key shareholder, Keybridge Capital Limited(ASX: KBC).
This is the second application from Keybridge, claiming that 5G Networks used coercive tactics to pressure Webcentral’s shareholders into selling.
At the time of writing, the 5G Networks’ share price has dropped…
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