Private Equity

Vocus Receives All Cash Takeover Proposal From Eqt Infrastructure

by zdnet.com posted 1year ago 66 views
EQT offers AU$5.25 for shares that have traded below AU$4 for most of the year. : Vocus is back in familiar terrain as the company has received an indicative proposal from Swedish private equity group EQT's infrastructure arm to acquire all shares in the company for AU$5.25 a share in cash. Vocus has given EQT Infrastructure a number of weeks to put together a formal binding proposal, while EQT conducts non-exclusive due diligence. The success of the proposal will also rely on EQT securing financing and a unanimous recommendation from the Vocus board.