MNF Group wins Inabox takeover tussle
Inabox shareholders have voted to accept an offer by MNF Group that will see the MyNetFone owner acquire all of Inabox Group’s operating businesses.
Inabox shareholders have voted to accept an offer by MNF Group that will see the MyNetFone owner acquire all of Inabox Group’s operating businesses.
SB&G Telecoms has sweetened the terms of its takeover offer for Inabox, as it seeks to fight off an attempt by MNF Group to acquire the ASX-listed company’s operating businesses.
MNF Group has revamped its offer for Inabox’s operating subsidies in an effort to beat off a competing offer from SB&G Group.
A subsidiary of SB&G Group has made an all-cash $21.4 million offer for Inabox, ahead of a 19 November Inabox shareholder meeting due to vote on a takeover bid by MyNetFone.
The directors of Inabox have unanimously recommended that its shareholders accept an offer from MyNetFone that will see MNF Group acquire all of Inabox’s operating subsidiaries.