EDGE 2015 is starting in

Find out more EDGE 2015
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.

EDGE 2015:: For all the latest on EDGE 2015 including the keynote speakers visit the EDGE mini-site now

2015 ARN ICT Industry Awards: Nominations for the 2015 ARN ICT Industry Awards close on June 26. NOMINATE NOW!!!

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags Clever CommunicationsbigairMergers and acquisitions

Upcoming

Slideshows

IN PICTURES: OKI Data Australia partner event (+10 photos)
Business Products

IN PICTURES: OKI Data Australia partner event (+10 photos)

OKI recently hosted its ChannelOne dealer forum for its executive series channel partners to get together and learn about the company's new high-performance ES8400 A3 multifunction series printers. After a welcome and business overview from OKI Data Australia managing director, Dennie Kawahara, delegates were given a comprehensive overview of the new product, as well as an update on the latest marketing initiatives and software solutions, before being treated to live demos and a product showcase. Partners were also given a preview of OKI’s upcoming A3 digital LED white toner printer. With more than 60 delegates attending from all over the country, the day concluded with dinner at Casa Ristorante Italiano in Sydney and several delegates also participated in a friendly game of golf the following morning.

IN PICTURES: OKI Data Australia partner event (+10 photos)
Email 101: 11 tips to manage your email

Email 101: 11 tips to manage your email

If you’re a college graduate entering the workforce, you may quickly find you aren’t prepared for the volume of email that awaits you in the corporate world. These 11 tips will help you master forwards, filtering and more.

Email 101: 11 tips to manage your email

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