Cadence: Full synergy benefits will be realised in TPG/iiNet deal

As TPG (ASX:TPM) enters the final straight in its bid to takeover iiNet (ASX:IIN) and become Australia’s 2nd largest fixed line internet provider, we asked an iiNet shareholder, Karl Siegling of Cadence Capital, where he thinks the TPG share price is going from here. Karl says “When the merger was announced, the iiNet share price rallied. TPG went up initially due to the synergy benefits and ever since… it’s been gently coming off.. and off… and off. When the deal goes through it starts to gently recover. That’s what we think will happen with TPG. We think that it’s come off a little too far, the synergy benefits will be realised and we have taken as much of our stock as possible.” Full video here: