Breaking news: IPH swoops on Xenith IP!

Well, my last post falsely stated that all was quiet on the Xenith/QANTM/IPH front.  How wrong I was…

As reported in the Australian Financial Review today, IPH has acquired a 19.9% stake in Xenith IP in what has been termed an after-market raid.  How piratical that sounds!  Like Gordon Gecko.

The article goes on to say that the stake has been purchased so that IPH has a seat at the table in the merger (of equal) discussions between Xenith and QANTM.

Of course, if IPH had purchased 20% or more of Xenith then they would have had to initiate their own take over.  However, 19.9% is a pretty serious chunk of Xenith, and gives IPH enough voting power to make their voice heard loud and clear.

Looking forward to the next instalment…

Share this post
Share on facebook
Share on twitter
Share on linkedin

Leave a Comment

Your email address will not be published.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

Scroll to Top