Amcom shareholders back $1.2B Vocus merger

Company News

Amcom Telecommunications Limited (ASX:AMM) shareholders have backed a proposed $1.2 billion merger with Vocus Communications Limited (ASX:VOC).
 
Vocus approached Amcom with a scrip offer in October last year but the move was faced with opposition from Amcom’s 19.99 per cent shareholder TPG Telecom Limited (ASX:TPM)
 
Excluding TPG’s interest in the company Amcom says the scheme yesterday received almost unanimous support from its shareholders.  
 
The scheme must now be approved by the Federal Court of Australia at a hearing scheduled for next Tuesday. 
 
Amcom Telecommunications reported a net profit of $9.31 million in the first half of the 2015 financial year.

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