Business
Vocus (ASX:VOC) share price on watch after accepting takeover offer
The Vocus Group Ltd (ASX: VOC) share price will be one to watch on Tuesday.
This follows the release of an update on its takeover approach by a consortium owned by Macquarie Infrastructure and Real Assets (MIRA) and Aware Super.
What did Vocus announce?
This morning the specialist fibre and network solutions provider announced that it has entered into a Scheme Implementation Deed with the consortium.
According to the release, the agreement will see the consortium acquire 100% of the share capital of Vocus for $5.50 cash per share.
This represents a 10% premium to the latest Vocus share price. It is also a 25.6% premium to Vocus’ closing price of $4.38 per share on 5 February 2021. This was the day before the offer was first…
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