Australia's largest intellectual property law firm IPH is set to swallow rival Xenith IP after an upgraded $192 million takeover offer was backed by the board on Friday.
The deal creates a $1.6 billion legal giant and brings to an end months of negotiations in a three-way tussle after Xenith was determined to merge with its similar sized rival QANTM.
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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
