Ord Minnett sees the takeover offer for Over the Wire ((OTW)) has the potential to accelerate Aussie Broadband's business offering. The indicative proposal price is $5.75 per share, and includes a yet-to-be-determined mix of cash and scrip.

On a pro-forma basis, the analyst estimates the transaction will likely be earnings per share accretive. It's noted Over the Wire has a lower level of organic growth relative to Aussie Broadband. The $5.60 target price and Buy rating are retained.

Sector: Telecommunication Services.

Target price is $5.60.Current Price is $4.89. Difference: $0.71 - (brackets indicate current price is over target). If ABB meets the Ord Minnett target it will return approximately 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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