iiNet shareholders approve AAPT purchase

iiNet shareholders approve AAPT purchase

Shareholders in ISP iiNet (ASX:IIN) have approved the purchase of AAPT's consumer division for $60 million.

The resolution to approve the transaction was passed by 107.6 million votes to 2.4 million, with 75,000 votes abstaining.

Shareholders also cleared iiNet to grant financial assistance to Netspace group members, as part of the earlier purchase of Netspace for $40 million.

IIN shares are today trading 0.73% lower at $2.730.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags aaptnetspaceASX:IINiiNetTelecommunicationsMergers and acquisitions

Show Comments

Market Place