AGL considering acquiring Vocus Group

NETWORK and data provider Vocus Group was up nearly 9% this afternoon after it received an unexpected takeover bid from power giant AGL Energy which is looking to acquire Vocus at A$4.85 per share, or roughly $3 billion.

AGL considering acquiring Vocus Group AGL considering acquiring Vocus Group AGL considering acquiring Vocus Group AGL considering acquiring Vocus Group AGL considering acquiring Vocus Group

The idea of energy companies and telecommunications providers merging and “cross-selling” seems to be becoming more commonplace on the market.

 
This morning AGL told the market it has been granted exclusive access to conduct due diligence on Vocus for a period of four weeks after submitting a non-binding indicative proposal for the