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Vocus ends takeover talks with KKR, as FY profit hit by AUD 1.5 bln impairment
2017-08-21 09:23:00| Telecompaper Headlines
(Telecompaper) All takeover discussions between Australian operator Vocus and KKR have ceased, with the US investment house saying it is unable to come out with terms acceptable to the Vocus board. KKR made a bid in June for the company at AUD 3.50 per share. Vocus then received another takeover offer from private equity group Affinity, in July. Giving its preference to KKR, Vocus provided the investment firm with the opportunity to conduct due diligence on a non-exclusive basis but the parties were unable to reach a mutually acceptable deal.
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Category:Telecommunications