June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

BRIEF-Vocus Communications and M2 Group to merge

Published 28/09/2015, 08:24 am
© Reuters.  BRIEF-Vocus Communications and M2 Group to merge
VOC
-

Sept 28 (Reuters) - Vocus Communications Ltd VOC.AX :

* Vocus and M2 to merge creating a full-service vertically integrated telco, valued at more than $3 billion

* To realise combined revenue of $1.8 billion and EBITDA of $370 million in FY16E

* Says M2 shareholders will receive 1.625 Vocus shares for each M2 share, if approved

* Entered into a merger implementation agreement under which the two companies will merge, by way of an M2 scheme of arrangement

* Says Geoff Horth, CEO of M2, will be appointed as the CEO of the merged group

* Says David Spence, chairman of Vocus, will be chairman of the combined group

* Source text for Eikon ID:nASX1Vf3v6

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.