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Clever accepts BigAir takeover proposal

Clever accepts BigAir takeover proposal

The offer evaluates Clever at about $9.5 million

Wireless broadband carrier, Clever Communications, has accepted BigAir’s takeover bid.

Clever's directors unanimously recommended shareholders accept the proposed takeover offer, which is subject to no superior offer being made.

BigAir offered shareholders $0.35 for BigAir shares plus $1.82 in cash for every Clever share, which evaluates the company at about $9.5 million.

Clever CEO, Scott Cater, said both companies had been in discussions for the past two years.

In 2008, Clever made a bid for BigAir, but at the time director’s opposed the move.

“We think it’s a logical merger of the two organisations,” Carter said.

Carter said it expects both company offices to be retained, but staff structure will be evaluated once the two companies are merged.


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Tags Clever Communicationsbigairwireless broadband

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