Menu
BigAir moves in on Clever buy

BigAir moves in on Clever buy

The ISP has now achieved 93.33 per cent interest in Clever's shares and will move compulsorily acquire the wireless broadband carrier

ASX-listed ISP BigAir has achieved a 93.33 per cent interest of Clever Communications’ shares.

The wireless broadband carrier accepted BigAir’s takeover bid in December.

BigAir will now proceed to compulsorily acquire all Clever shares that it had not yet acquired under the offer.

At the time, it offered shareholders $0.35 for BigAir shares plus $1.82 in cash for every Clever share, which evaluated the company at about $9.5 million. Shareholders still have until February 4 to accept the bid.

Clever CEO, Scott Cater, previously said both companies had been in acquisition discussions for the past two years. In 2008, Clever made a bid to buy BigAir, but directors opposed the move at the time.

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags Clever CommunicationsbigairMergers and acquisitions

Upcoming

Slideshows

IN PICTURES: Windows 10 Sydney launch

IN PICTURES: Windows 10 Sydney launch

Tech lovers and party-goers alike headed down to Mrs Macquarie's Chair to be part of the world-first Windows 10 Launch Party. The night featured a presentation by Microsoft Australia managing director, Pip Marlow, DJs, live demonstrations and digital artistry by Lister.

IN PICTURES: Windows 10 Sydney launch
In Pictures: User guide to Windows 10

In Pictures: User guide to Windows 10

If you’re going for an immediate upgrade to Windows 10 from your Windows 7 or Windows 8/8.1 computer, this guide will get you up to speed as quickly as possible.

In Pictures: User guide to Windows 10

iasset.com is a channel management ecosystem that automates all major aspects of the entire sales, marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

Show Comments