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Australia’s Two Way to merge with Priority One

26th June 2012 9:26 am GMT

Australia’s Two Way has signed a non-binding Letter of Intent to merge with Priority One Network Group Limited, which the company claims will allow it to become part of a much larger and well-capitalised business with significant international opportunities.

Two Way intends to make an off-market takeover bid for 100 per cent of Priority One’s shares in an all scrip deal. The proposed offer values the equity in Two Way at 4 cents per share, a [...]

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