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Telecommunications Optus moves to compulsorily acquire Alphawest
Telecommunications Optus moves to compulsorily acquire Alphawest | Optus moves to compulsorily acquire Alphawest |
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| by Stuart Corner | |
| Thursday, 27 October 2005 | |
  
An Optus spokesperson said: "The completion of this transaction will add significant scale to both Optus and Alphawest and provide a strong platform for growth." Optus is paying 68 cents per Alphawest share - representing a 13 per cent premium to the Alphawest closing share price before Optus announced its offer. This values the company at $26 million. |
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