Affinity submits rival $1.7 billion offer for Vocus
( July 11, 2017, 03:27 GMT | Official Statement) -- MLex Summary: Australian Internet company Vocus Group has received a preliminary, indicative and non-binding A$2.2 billion ($1.7 billion) takeover proposal from Asian private equity firm Affinity Equity Partners, rivalling a proposal from private equity giant KKR & Co. Affinity's proposal is similarly conditional on a number of matters, including court and foreign investment approvals in Australia, and Vocus has said it would allow both firms to conduct due diligence on a non-exclusive basis. The company's statement is attached....
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