PMP printing money
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.
Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...