Good article at SmartCompany.com.au re: the backdoor listing:...

Good article at SmartCompany.com.au re: the backdoor listing:

http://www.smartcompany.com.au/finance/43140-from-frenemies-to-family-why-grays-australia-and-dealsdirect-decided-to-merge.html

"the new business will have no debt, net cash of $10 million and an annual turnover of more than $440 million delivered by two diverse arms of the business – its B2B arm ($212 million) and B2C arm ($230 million). Combined, the business will have a warehouse space of over 60,000sqm."

Expect to see more of the same activity in the Online Retail Space in the coming 12-18 months.

MNZ, SHP, IBY, DVI all ASX listed companies active in online retail/ecommerce consolidation/aggregation.

RE: MNZ and Grays - "Both say the current online retail market hinges on consolidation and aggregation, which has caused a “number of players to drop off” recently."