Vocus Group Ltd (VOC.AX)
25 Sep 2017
SYDNEY Aug 23 Australia's No. 4 internet company Vocus Group Ltd said on Wednesday it would cut its dividend and consider selling assets to manage its debt load as annual underlying profit fell short of the company's guidance.
Aug 21 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
SYDNEY Private equity suitors Kohlberg Kravis Roberts & Co and Affinity Equity Partners pulled bids for Australian telco Vocus Group Ltd on Monday, four days after the company's third profit warning in nine months.
* Neither bidder gives reason for exit (Adds analyst and fund manager quote, sector detail and shares)
* Termination of transaction discussion & forecast of earnings
Aug 21 Australian telecoms company Vocus Group Ltd said on Monday that takeover discussions with Kohlberg Kravis Roberts & Co and Affinity Equity Partners had ended, after the private equity players had each lodged A$2.2 billion bids for the telco.
SYDNEY, Aug 17 Australian internet company Vocus Group Ltd said on Thursday it had missed its target net profit for the 2017 financial year and would take a A$1.53 billion ($1.21 billion) impairment charge.
* Confirms today that its unaudited FY17 underlying EBITDA is $366.4m within company's guidance range of $365-375m
* Christine Holman will join Vocus board as a non-executive director effective 24 August 2017 Source text for Eikon: Further company coverage:
SYDNEY Australian internet provider Vocus Group Ltd said on Tuesday a second private equity firm has made a A$2.2 billion ($1.7 billion) takeover approach, sending its shares higher on hopes for a bidding war.