Vocus Group
(ASX:VOC) has granted Kohlberg Kravis Roberts & Co (together with its affiliates) the opportunity to conduct non-exclusive due diligence.
It comes as the telecommunications provider assessed KKR’s non-binding takeover offer to buy 100 per cent Vocus Group’s shares for $3.50 cash per share.
Vocus says despite its management being able to deliver shareholder value, both in the short and medium term, it is in the best interests of shareholders to see if KKR’s plans will benefit the group.
KKR’s indicative takeover proposal is subject to due diligence, financing and the unanimous recommendation by the Vocus Board.
Shares in Vocus Group
(ASX:VOC) closed about 2.8 per cent higher yesterday to $3.31.
