ASX-listed Vocus declares FX Networks acquisition unconditional

Fri, 19 Sep 2014

By Paul McBeth Sept. 19 (BusinessDesk) - Vocus Communications, the ASX-listed telecommunications company, has declared its $115.8 million acquisition of privately owned New Zealand fibre optic cable network operator FX Networks unconditional. The Sydney-based company has received acceptances totalling 99.87 percent of FX Networks' voting stock, with one shareholder holding out, Vocus said in a statement to the ASX. It will look to enforce mop up provisions under the Takeovers Code, having cross the 90 percent threshold, it said. "Vocus...

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