PIPE dream set to come true for TPG

Tuesday, 9th March 2010 - SMH

Speculation that TPG Telecom would struggle to garner 75 per cent support from PIPE Networks shareholders for the proposed $373 million acquisition was enough to knock 20¢ off the PIPE share price yesterday, closing at $6, a discount of 5 per cent to the offer of $6.30 a share. The shareholder vote will take place on Friday.