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Vocus Group Announces Receipt of Second Proposal

11 Jul 2017  |  10:22:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Vocus announces receipt of second proposal

Vocus Group announced that it had received a preliminary, indicative and non-binding proposal from Kohlberg Kravis Roberts (together with its affiliates, KKR) to acquire 100% of the shares in the Company (on a fully diluted basis) at a price of $3.50 cash per share, via a scheme of arrangement (KKR Proposal). It further advised on 5th July 2017 that it had determined that, subject to negotiation of an appropriate confidentiality agreement, it was in the best interests of shareholders to grant KKR the opportunity to conduct due diligence on a non-exclusive basis in order to establish whether an acceptable binding transaction could be agreed.

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