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TPG - News, Features, and Slideshows
- iiNet shareholders vote for TPG buyout
- iiNet enters trading halt ahead of TPG vote
- TPG shares popular with iiNet shareholders
Only Australian Competition and Consumer Commission approval remains as a barrier to TPG's acquisition of iiNet, after iiNet shareholders today voted in favour of the deal.
iiNet has been placed in a trading halt ahead of a vote this morning on the ASX-listed Internet service provider's acquisition by TPG.
iiNet shareholders have moved to snap up an offer of TPG shares ahead of a vote on whether to accept TPG's acquisition offer for the ISP.
A number of telcos have endorsed the Australian Competition and Consumer Commission moving to regulate non-NBN super-fast broadband networks that target residential end users.
A meeting of iiNet shareholders will vote next month on whether to accept TPG’s takeover bid, after a Federal Court hearing on Friday afternoon.