Amaysim shareholders have voted to sell the company’s mobile business to Optus, opening the door for one of the more exotic takeovers in recent times.
Amaysim will be left without an operating business following the divestment of its mobile business to Optus for $250m, however Wilson Asset Management’s WAM Capital (WAM) has a bid on the table to buy the company once that deal is locked in, early next month.
The WAM offer, which is backed by amaysim’s largest shareholder, Langfrist, with a 19.9 per cent stake, would have the effect of accelerating the cash payments that were to be made to shareholders in three tranches from April to October.
WAM shareholders can instead opt to receive one WAM share for every 2.675 Amaysim shares, increased this week from 1 for 2.7, or 70c in cash per share within five days of accepting the offer, up from 69.5c,
Read more in The Australian.