Hints and tips:
...Deals have included the takeover of Australian telecoms and subsea cable company Vocus by Aware Super and Macquarie’s infrastructure arm, Australian Super and Singtel’s A$3.5bn purchase of Telstra’s mobile...
...Other recent private telecoms deals in Australia include pension fund Aware Super and Macquarie’s acquisition of previously ASX-listed Vocus last year, and AustralianSuper and Singtel’s purchase of Axiom...
...Vocus shares jumped more than 12 per cent in morning trading in Sydney following the news, while AGL fell 6 per cent. Vocus has recently been the subject of interest from private equity groups....
...Vocus’ board has provided non-exclusive rights to EQT to perform due diligence prior to making a binding offer. The process is expected to take a number of weeks, Vocus said....
...AGL was only granted the exclusive right to conduct due diligence on Vocus on June 11....
...“We are in the early stages of a business turnaround,” said Kevin Russell, Vocus CEO....
...Debenhams’ restructuring (FT) Uber chief executive laments U.S. trade policy for lackluster IPO (Reuters) UK’s Compass Group to buy Nordic caterer in €475m deal (FT) Australia’s AGL takes second look at Vocus...
...Vocus board....
...Vocus could also squeeze bigger cost savings from the merger and might even attempt spin-offs. KKR cannot be blamed for attempting to buy Vocus on the cheap....
...Shares in Vocus Group dropped 16.3 per cent after the Australian telecoms group said it had ended talks with both Affinity Equity Partners and KKR about separate cash takeover bids of A$2.2bn ($1.67bn)....
...A division of online marketing group Vocus, PRWeb claims to use search engine and social media techniques to distribute press releases widely online for as little as $159 each....
International Edition