TPG Telecom (ASX:TPM) to pay special dividend if Vodafone merger approved by shareholders
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TPG Telecom (ASX:TPM) will pay a special dividend of between 49 cents and 52 cents a share if its merger with Vodafone Hutchison Australia is approved by shareholders.
The scheme meeting and extraordinary general meeting to vote on the $15 billion merger will be held on June 24.
The special dividend will be distributed to TPG shareholders in the form of a fully franked cash special dividend.
It will be paid prior to the implementation of the merger.
Shares in TPG Telecom (ASX:TPM) are trading 0.99 per cent lower at $7.97.
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Source: Finance News Network
