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Axia NetMedia offered premium price in friendly takeover bid from Partners Group
CALGARY – Axia NetMedia Corp. has received a friendly takeover offer that values the Alberta-based telecom company at $272 million — almost 50 per cent above its recent market value.
The offer is from Partners Group, which will pay $4.25 per share cash for all of Axia’s outstanding stock (TSX:AXX).
That’s 49 per cent above previous closing price for Axia shares at the Toronto Stock Exchange.
The companies say that Axia’s current management would continue to run the Calgary-based company, which operates throughout Alberta and in France through Covage.
Axia primarily offers email, online television, social media and streaming video services over a fibre optics network as well as business services.
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