On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Mincom, a software and service provider will be acquired by Francisco Partners in an all cash transaction valued at AUS$315m (R1.85bn).  Francisco Partners proposes to acquire all shares and share options in Mincom via a scheme of arrangement that sees Mincom’s shareholders receiving AUS$8.77 (R51.57) in cash per share and option holders receiving AUS$8.76 (R51.50) in cash per option.

- The telecommunications cable manufacturing businesses and assets of Reunert and Altron have been merged  on 1 February 2007 following the approval of the proposed merger by the Competition Tribunal.