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Telecommunications vendor Vocus has revealed its has received an acquisition proposal from investment firm Macquarie Infrastructure and Real Assets Holdings (MIRA).
MIRA is part of Macquarie Group’s asset management arm Macquarie Asset Management (MAM), managing US$132 billion in assets including telcos, farmlands, infrastructure and real estate companies across Australia.
Responding to “recent press speculation”, Vocus said in its ASX announcement that the proposal was non-binding and indicative, with MIRA offering $5.50 per share for 100 percent of Vocus.
The offer is subject to a number of conditions including due diligence, securing debt financing, unanimous recommendation by Vocus’ board, and a mutually acceptable scheme implementation agreement.