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iiNet delists from the ASX

iiNet delists from the ASX

One of the last steps before TPG takeover is finalised

Perth-based telecommunications provider, iiNet (ASX:IIN), will delist from the Australian Stock Exchange (ASX) on September 11 following the takeover of the company by TPG.

This is one of the final steps before iiNet officially becomes part of the TPG group and follows the company putting a halt to trading of its shares in July.

iiNet shareholders approved the $1.56bn purchase in the same month.

The acquisition was approved by the Australian competition and Consumer Commission (ACCC) in late August.

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