Geoff Wilson's WAM Capital will absorb junior listed investment companies Westoz Investment Company and Ozgrowth in a triple all-share merger that gives WAM Capital more than $300 million of assets for $271.5 million.
Westoz and Ozgrowth shareholders will receive WAM Capital scrip as part of the agreed deal, which was revealed to the market on Thursday before the opening bell. The transaction takes WAM Capital's assets to $2 billion.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
