Australia's Vocus says KKR makes $1.65 bln takeover approach

By Kitco News / June 06, 2017 / www.kitco.com / Article Link

June 7 (Reuters) - Australian telecoms company Vocus Group Ltd said on Wednesday it received an indicative takeover offer from private equity firm KKR & Co LP which valued the company at A$2.2 billion ($1.65 billion).

Vocus said KKR made a non-binding indicative offer to buy all its shares for A$3.50 in cash, a 22 percent premium to the stock's closing price the previous day.

The Sydney-listed takeover target said it would review and access the proposal.

($1 = 1.3310 Australian dollars)


(Reporting by Christina Martin in Bengaluru; Editing by Byron Kaye and Stephen Coates)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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