Opposition Swells As Decision-Day Nears For TPG-iiNet Merger
TPG’s scheme of arrangement was overwhelmingly accepted by iiNet shareholders three weeks ago, but the proposed deal must clear the ACCC before going before the Federal Court for final approval. If approved, the merged group would score an estimated 27 percent of ACCC chairman Rod Sims was giving nothing away yesterday but he did say the Many iiNet users and rivals telcos have opposed the merger, More than 100 submissions were made in the first wave of public comments. The |