On Friday, commercial printing company PMP Limited (ASX: PMP) announced it will merge with privately owned print and digital services provider IPMG Group. PMP Limited will acquire 100% of IPMG and issue new PMP shares to existing IPMG shareholders. Combined, IPMG shareholders will then hold a maximum 37% interest in PMP Limited. The merger is expected to deliver approximately $40 million of synergies across the combined group. Shares in PMP soared following the announcement and closed up 34.9% for the week. We own PMP as a research-driven investment in WAM Capital and WAM Research.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of eight investment professionals who offer a combined investment experience of almost 100 years.