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OPUS acquisition gets the green light

Thursday, 22 March 2012
By Print21

The final hurdle for McPherson’s Printing Group’s acquisition of OPUS Group has been well and truly cleared, with the company’s shareholders voting ‘overwhelmingly’ in favour of the deal.

A whopping 97 per cent of shareholder votes cast at MPG Printing Limited’s shareholder meeting on 21 March were in favour of the acquisition that will see the company floated on the ASX as a new combined entity, OPUS Group Limited.

While the vote is largely a formality for MPG, with the business demerging from its former parent company, McPherson’s Limited, at the beginning of the year. This shareholder vote is the final step required to allow OPUS to essentially leverage MPG for a public listing.

Bill Mackarell (pictured), who, along with Richard Celarc, Bret Jackson, Matthew McGrath, and James Sclater, has been elected as a director of the new company, says that the acquisition will be mutually beneficial to both organisations.

“OPUS Group’s three divisions, publishing, government and outdoor area are each leaders in their field, and the OPUS Group is very complementary to the existing MPG business,” says Mackarell, who has been elected chairman of the OPUS Group.

“MPG stands to benefit significantly by being able to leverage OPUS’s substantial network spanning the Asia Pacific region as well as the latest in Digital Asset Management, specifically electronic content and delivery,” he says.

Once the acquisition of OPUS by MPG is complete, the new business entity will become a major player in the Australasia book publishing market, with both businesses possessing book printing and digital production companies.

The completion of the deal is expected to occur on 30 March, and an application has already been made to the ASX to list the new company, with an anticipated listing date 10 April 2012.

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