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iTWire - Former Vocus Chair charged with insider trading itwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itwire.com Daily Mail and Mail on Sunday newspapers.
M2 founder Vaughan Bowen charged over alleged Vocus insider trading arnnet.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arnnet.com.au Daily Mail and Mail on Sunday newspapers.
Shareholders enjoy handsome takeover bids Lex Hall | 24 May 2021Text size
Shareholders in several ASX companies have enjoyed handsome takeover bids, with this month’s bid for Crown Resorts the latest to be launched following a strong start to the year. Asset managers say other takeover bids are likely, with private equity’s huge stores of cash and the low cost of borrowing making bids easier as companies seek growth by joining with others. Private-equity firm Blackstone and casino operator Star Entertainment Group (ASX: SGR) have both bid for gaming group Crown Resorts (ASX: CWN). Morningstar analyst Angus Hewitt says another bid for narrow-moat Crown is likely after the company rejected Blackstone s revised bid of $12.35 cash per share. Morningstar’s fair value estimate remains unchanged at $12.14, compared to its current price around $12.90, up from around $10 before Blackstone’s first bid in March. ....
By Reuters Staff 2 Min Read (Reuters) - Australia’s Vocus Group said on Tuesday it had agreed to a A$3.5 billion ($2.68 billion) takeover offer from a consortium of a Macquarie fund and pension fund Aware Super, sending its shares to a more than four-year high. Last month, Macquarie Infrastructure and Real Assets Holding (MIRA) and Aware Super had agreed to team up for a A$5.50 per share non-binding offer for the Melbourne-based fibre network owner. The buyout offer from the Macquarie-led consortium, one of at least three approaches since 2019, is the highest from any recent suitor. Power supplier AGL Energy and Swedish private equity firm EQT Infrastructure dropped similar proposals after brief due diligence periods. ....