Inactive Instrument

Vocus Group Limited

Equities

VOC

AU000000VOC6

Integrated Telecommunications Services

Vocus : Gets A$3.42 Billion Takeover Proposal from MIRA

February 07, 2021 at 05:17 pm EST

By David Winning

SYDNEY--Vocus Group Ltd. said it had received a takeover proposal from Macquarie Infrastructure and Real Assets Holdings Pty Ltd. and its managed funds that values its equity at 3.42 billion Australian dollars (US$2.62 billion).

Vocus said it has agreed to explore a potential deal and has allowed MIRA to scrutinize its books, while cautioning there is no certainty this would result in a binding offer.

MIRA has made an indicative offer worth A$5.50 a share, representing a 26% premium to Vocus's closing stock price of A$4.38 on Friday.

Write to David Winning at david.winning@wsj.com

(END) Dow Jones Newswires

02-07-21 1717ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MACQUARIE GROUP LIMITED	189.9 AUD	-0.10%	-0.64%	45.84B
	MACQUARIE INFRASTRUCTURE HOLDINGS, LLC	4.09 USD	-.--%	-.--%	364M

Latest news about Vocus Group Limited

TPG Telecom Reportedly Prepares Fresh Push for Mobile Asset Sales	Feb. 02	CI
Vocus Group Limited agreed to acqiuire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited for AUD6.3 billion.	23-07-31	CI
Vocus Group Limited completed the acquisition of Challenge Networks Pty Ltd.	23-05-11	CI
Vocus Group Limited agreed to acquire Challenge Networks Pty Ltd.	23-02-05	CI
Two Suitors Reportedly Emerge for Uniti Group	22-02-16	CI
2Degrees Merger Discussions Confirmed	21-10-07	CI
Vocus Group Limited(ASX:VOC) dropped from S&P/ASX Small Ordinaries Index	21-06-28	CI
Vocus Group Limited(ASX:VOC) dropped from S&P/ASX 200 Index	21-06-28	CI
Vocus Group Limited(ASX:VOC) dropped from S&P/ASX All Ordinaries Index	21-06-28	CI
Vocus Group Limited(ASX:VOC) dropped from S&P/ASX 300 Index	21-06-28	CI
Vocus Group Limited(ASX:VOC) dropped from S&P Global BMI Index	21-06-28	CI
Vocus Group Limited(ASX:VOC) dropped from FTSE All-World Index	21-06-28	CI
Vocus : to Suspend Trading of Shares at Australian Bourse as Scheme of Arrangement Takes Legal Effect	21-06-25	MT
Funds managed by Macquarie Infrastructure and Real Assets and Aware Super Pty Ltd completed the acquisition of Vocus Group Limited.	21-06-24	CI
Vocus : New South Wales Supreme Court Approves Voyage Australia's Acquisition of Vocus Group	21-06-24	MT
Vocus : to be Removed from Australian Stock Index	21-06-22	MT
Sterlite Technologies : Vocus Group Tie Up for Fiber Network Expansion	21-06-09	MT
Insurance Australia : Australia shares close higher on financials, tech stocks under pressure	21-03-09	RE
Vocus : Australia's Vocus agrees to $2.7 bln buyout from Macquarie-led consortium	21-03-08	RE
Australia shares gain on hopes of swift passage for U.S. stimulus; tech stocks slide	21-03-08	RE
Transcript : Vocus Group Limited, H1 2021 Earnings Call, Feb 24, 2021	21-02-23
Vocus Group Limited Provides Earnings Guidance for the Fiscal Year 2021	21-02-23	CI
Vocus Group Limited Reports Earnings Results for the Half Year Ended December 31, 2020	21-02-23	CI
Macquarie : says commodities trading business sees sharp 3Q profit increase, shares up nearly 8%	21-02-08	RE
Woodside Petroleum : Australia shares close higher on hopes for further U.S. stimulus	21-02-08	RE

Chart Vocus Group Limited

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Company Profile

Vocus Group Ltd is an Australia-based fibre and network solutions provider. The Company owns a national infrastructure network of metro and back haul fibre, connecting capital cities and regional centers across Australia, New Zealand and into Asia. Its segments include Vocus Network Services, Retail and New Zealand. Vocus Network Services operates under the Vocus Communications brand and provides telecommunications products and services to the enterprise and wholesale businesses, and all levels of Government, in the Australian market. Retail segment provides telecommunications products and services including broadband, voice and mobile services, as well as energy products. New Zealand operates in various segments of the market, including Business, Government, Wholesale and Consumer. In Business, Government and Wholesale the division's brand is Vocus Communications. The Consumer brands include Slingshot and Orcon.

Sector

Integrated Telecommunications Services

More about the company

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