Business
Vocus receives formal $3.5 billion offer – Telco/ISP – iTnews
After a period of due diligence.
Vocus has received a $3.5 billion takeover offer from a consortium of Macquarie Infrastructure and Real Assets (MIRA) and Aware Super.
The formal offer comes about a month after MIRA made a similar non-binding offer for Vocus; Aware Super later joined the same bid process.
If shareholders approve of the scheme, they would receive $5.50 cash for each share they own, a 26.5 percent premium on the share price before MIRA entered the frame. Vocus shares last traded for $5.
The Vocus board backed the…
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