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MARKETS

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.

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

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 acquisition. ...

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