AGL makes $27.5 million offer for Southern Phone Company
AGL has revealed it plans to acquire Southern Phone Company Limited (SPC) for $27.5 million.
AGL has revealed it plans to acquire Southern Phone Company Limited (SPC) for $27.5 million.
Less than a week into a four-week period of exclusive due diligence AGL says that it will not proceed with a potential acquisition of Vocus.
AGL Energy has no plans to break up its takeover target, Vocus Group, but instead will aim to grow the combined businesses, AGL CEO Brett Redman said.
An acquisition of Vocus by Australian energy company AGL is back on the table. Vocus revealed this morning that it had agreed to due diligence terms with AGL.
Energy company AGL has confirmed that it considered a foray into the telco sector through the acquisition of Vocus, but said it has withdrawn a non-binding, indicative offer for the company.