Court rules Wellcom’s takeover by Innocean can proceed
The Federal Court has approved that the takeover of Melbourne-based creative production agency Wellcom by South Korean marketing group Innocean can proceed.
On Friday, the court approved a meeting of Wellcom shareholders, to be held on Friday 8 November. Shareholders will receive an explanatory statement which will help in casting a vote on whether the takeover is approved, which values Wellcom at $265.8m on a fully-diluted basis.
