Business, Technology

Melbourne IT to purchase Netregistry in AU$50.4m deal

Melbourne IT announced today that it has entered into an agreement with competitor Netregistry to purchase the company in a deal worth AU$50.4 million.

The payment for the purchase will be made in two parts, with 4.99 percent to 9.99 percent of outstanding Melbourne IT shares offered to Netregistry shareholders, and the remainder paid in cash. This will see Melbourne IT part with 4.3 million to 9.3 million shares and between AU$38 million to AU$45 million in cash, subject to regulatory approval.

The proposed transaction will bring together two of Australia’s leading web services businesses, generating significant benefits for customers, employees, and shareholders of both companies, said acting CEO of Melbourne IT Peter Findlay — via redwolf.newsvine.com

Share this Story
  • Art

    Geometric Pattern: Circle Stacked / Red Wolf

    Geometric Pattern: Circle Nested: Rainbow Geometric Pattern: Circle Nested: Festive Geometric Pattern: Circle Nested: Ornament Geometric Pattern: Circle Nested: Terracotta Geometric ...
  • Art

    Geometric Pattern: Aperture: Brunch / Red Wolf

    Geometric Pattern: Aperture: Salmon Geometric Pattern: Aperture: Citrus Geometric Pattern: Aperture: Lemon Geometric Pattern: Aperture: Olive Geometric Pattern: Aperture: Ocean Geometric ...
  • Art

    Geometric Pattern: Aperture: Stone / Red Wolf

    Geometric Pattern: Aperture: Bluestone Geometric Pattern: Aperture: Brownstone Geometric Pattern: Aperture: Pebble Geometric Pattern: Aperture: Portland Geometric Pattern: Aperture: Sandstone Geometric ...
  • Art

    Geometric Pattern: Aperture: Ghost / Red Wolf

    Geometric Pattern: Aperture: Abby Geometric Pattern: Aperture: Butterscotch Geometric Pattern: Aperture: Columbia Geometric Pattern: Aperture: Linen Geometric Pattern: Aperture: Peach Geometric ...
  • Art

    Geometric Pattern: Aperture: Retro / Red Wolf

    Geometric Pattern: Aperture: Ashbury Geometric Pattern: Aperture: Mysterioso Geometric Pattern: Aperture: Parkside Geometric Pattern: Aperture: Passage Geometric Pattern: Aperture: Racer Geometric ...
  • Art

    Geometric Pattern: Aperture: White Background / Red Wolf

    Geometric Pattern: Aperture: White/Red Geometric Pattern: Aperture: White/Orange Geometric Pattern: Aperture: White/Yellow Geometric Pattern: Aperture: White/Green Geometric Pattern: Aperture: White/Blue Geometric ...
Load More Related Articles
  • Art

    Geometric Pattern: Circle Stacked / Red Wolf

    Geometric Pattern: Circle Nested: Rainbow Geometric Pattern: Circle Nested: Festive Geometric Pattern: Circle Nested: Ornament Geometric Pattern: Circle Nested: Terracotta Geometric ...
  • Art

    Geometric Pattern: Aperture: Brunch / Red Wolf

    Geometric Pattern: Aperture: Salmon Geometric Pattern: Aperture: Citrus Geometric Pattern: Aperture: Lemon Geometric Pattern: Aperture: Olive Geometric Pattern: Aperture: Ocean Geometric ...
  • Art

    Geometric Pattern: Aperture: Stone / Red Wolf

    Geometric Pattern: Aperture: Bluestone Geometric Pattern: Aperture: Brownstone Geometric Pattern: Aperture: Pebble Geometric Pattern: Aperture: Portland Geometric Pattern: Aperture: Sandstone Geometric ...
  • Art

    Geometric Pattern: Aperture: Ghost / Red Wolf

    Geometric Pattern: Aperture: Abby Geometric Pattern: Aperture: Butterscotch Geometric Pattern: Aperture: Columbia Geometric Pattern: Aperture: Linen Geometric Pattern: Aperture: Peach Geometric ...
  • Art

    Geometric Pattern: Aperture: Retro / Red Wolf

    Geometric Pattern: Aperture: Ashbury Geometric Pattern: Aperture: Mysterioso Geometric Pattern: Aperture: Parkside Geometric Pattern: Aperture: Passage Geometric Pattern: Aperture: Racer Geometric ...
  • Art

    Geometric Pattern: Aperture: White Background / Red Wolf

    Geometric Pattern: Aperture: White/Red Geometric Pattern: Aperture: White/Orange Geometric Pattern: Aperture: White/Yellow Geometric Pattern: Aperture: White/Green Geometric Pattern: Aperture: White/Blue Geometric ...
Load More By Red Wolf
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Photos from Flickr