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TPG/Vodafone merger decision to drag through Christmas - CS

Sep. 06, 2019 10:53 AM ETVOD, TPPTYBy: Jason Aycock, SA News Editor1 Comment
  • TPG Telecom (OTC:TPPTY) isn't likely to get a court ruling on its proposed merger with Vodafone Hutchison Australia (VOD +1.1%) before Christmas, Credit Suisse says.
  • That's despite the fact that the Federal Court hearing is likely to wrap up by the beginning of October. The decision is seen as a key driver for the stock, Credit Suisse says.
  • The merger was blocked in May after falling back from an original provisional decision date of March 28, 2019. TPG filed proceedings looking for a favorable order from the court that month.

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