Australia's Vocus Group on Monday said Macquarie's funds had lodged a non-binding offer to acquire the fibre network owner for A$3.42 billion ($2.62 billion) and would open its book to the firm, sending its shares almost a fifth higher.
Australian shares rose on Monday, with strengthening global risk sentiment as U.S. President Joe Biden's $1.9 trillion COVID-19 package looked more certain of being pushed through, while investors also cheered an improving local coronavirus situation.
Australia: Shares climb on improving US stimulus hopes, no new local virus cases businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Australia's Vocus Group on Monday said Macquarie's funds had lodged a non-binding offer to acquire the fibre network owner for A$3.42 billion ($2.62 billion) and would open its book to the firm, sending its shares almost a fifth higher.