A bid would have to be north of $5.00, page-55

Talk about a takeover is not fluffy bunnies. The article about a takeover is from the AFR, in my opinion a pretty good news source for our market. The article was also written by three pretty intelligent authors who have a lot of market connections and sources. All three previous execs for Vocus were spotted in Melb? Two in Sydney and one in Perth. It may not be related to a PE chat or it could be.

Furthermore, if you look at the price/book value per share excluding goodwill is roughly 0.8x, EV/EBITDA is roughly 9.2x and EV/Sales is 1.88x. If you compare to market peers like TPG which are a lot higher. This does make it look very good for a takeover.

You want to know a pretty interesting statistic? I read a study that reported roughly 50% of takeover articles do actually come true within a year. I mean that's pretty good odds based on 'fluffy talk'