[fixed_truth]

Originally Posted by Ab

The thing I'm warming up to is the hilarity of the merger being costed at $368 million in the budget, when the combined valuations of the two companies, according to their annual reports, is $366 million.

•327 million over three years from July 2023/24 when the entity will begin operating, through
to 2025/26
• $40.1 million over four years for change and establishment costs

From that link it looks like 327mil is the cost of operations for three years that would be spent anyway and so the actual merger cost is only 40mil