No. 1 Story
Technology reinforces generation gap
If you believe that technology could be bridging the generation gap, think again. According to Deloitte’s first State of the Media report it’s as stark as ever.
read moreMore From
Alphawest board says "yes" to $24m Optus buyout
Stan Beer
Wednesday, 14 September 2005 19:06
The directors of the board IT solutions company Alphawest (ASX:ALW) have unanimously accepted a bid by Singtel Optus to buy the company for more than $24 million.
On 21 July 2005, SingTel Optus Pty Limited announced a takeover bid, through its wholly owned subsidiary Optus Networks Pty Limited, to acquire all of the issued shares of Alphawest Limited (Alphawest) for 68 cents cash per share, valuing the company at $24.24 million.
In a letter to shareholders, the directors of Alphawest recommended unanimously that the offer be accepted.
The key reasons given for the directors' recommendation were that the price offered by Optus was a significant premium to the average trading price before the offer, the stock is relatively illiquid and therefore difficult to sell, there will be no brokerage fees with the sale and there will be no dividend paid for the period ended 30 June 2005.
You think you have a disaster recovery plan?
Think again. Most businesses only have PART of a DR plan - and this spells business disaster in the event of an IT disaster.
Download The Seven Sins of Disaster Recovery White Paper now and find out how you can prevent this happening to you.
