Vocus Group agrees scheme of arrangement with Macquarie-led consortium.
The pending float of telco Vocus New Zealand has been halted by an agreed A$3.5 billion takeover deal for its ASX-listed parent Vocus Group.
An initial public offer for Vocus NZ was announced last November, with Goldman Sachs, Jarden and Craigs appointed joint lead managers.
Last month Vocus said the process was “progressing well” despite speculation a proposed offer from the Macquarie-led consortium would interrupt it.
Today Vocus Group announced it had agreed a scheme of arrangement with the Macquarie Real Infrastructure and Assets fund and Aware Super at A$5.50 a share in cash.