VOC vocus group limited

News: VOC UPDATE 1-Australia's Macquarie to team up with Aware Super for $2.71 bln Vocus buyout

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    (Adds shares, details of discussions)

    Feb 23 (Reuters) - Australia's Vocus Group (VOC) said on Tuesday Macquarie's funds has agreed to team up with pension fund Aware Super for the A$3.42 billion ($2.71 billion) takeover of the fibre network owner.

    Two weeks ago, Macquarie Infrastructure and Real Assets Holding (MIRA) made a A$5.50 per share non-binding offer, one of at least three approaches for Vocus since 2019.

    Melbourne-based Vocus said the terms of the offer have not changed since Feb. 8 and the consortium was still conducting due diligence.

    Neither Aware Super nor MIRA immediately responded to a Reuters request for comment.

    Shares of Vocus dipped 0.2% to A$4.97, nearly 10% off the offer price in the early hours of trading .

    MIRA is a part of Macquarie Group's (MQG) asset management arm. ($1 = 1.2637 Australian dollars)

 
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