We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

AGL Energy Readies $2.1B Bid For Telecom In Renewed Talks

Law360 (June 11, 2019, 7:05 PM EDT) -- Australia's AGL Energy is showing renewed interest in buying telecommunications firm Vocus, disclosing Tuesday that it is kicking off due diligence on a potential AU$3.02 billion ($2.1 billion) offer after withdrawing an earlier proposal in May.

The decision by AGL Energy Ltd. to conduct due diligence comes after the Australian energy company on May 31 walked away from an earlier, confidential Vocus Group Ltd. offer when the two sides could not agree on terms for the due diligence process. It also arrives in the wake of EQT Infrastructure's abandoning of a separate Vocus bid this month.

AGL on Tuesday said it had...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!