Vote looms for $1.2 billion Amcom, Vocus merger

Vote looms for $1.2 billion Amcom, Vocus merger

Federal Court of Australia approves letter to be sent to shareholders prior to vote

Amcom and Vocus have set a date for shareholders to vote on whether the two companies should merge to form a $1.2 billion corporate telco.

The votes follows attempts by TPG to scuttle the deal after acquiring 19.9 per cent of Amcom with the intention of voting against the merger.

Consequently, Vocus sold its 10 per cent stake in Amcom in a bid to bolster chances of the merger - as vocus was unable to vote as it was a party to the deal.

Amcom has now announced the the Federal Court of Australia has approved a letter to be sent to Amcom shareholders which contains supplementary information which may be relevant to their vote on the previously announced scheme of arrangement, under which Vocus will acquire Amcom.

A copy of the second Supplementary Information Letter will be sent to Amcom shareholders on or around May 27.

The scheme meeting will be held at 11am on June 15 at the Perth Convention Exhibition Centre.

Amcom directors continue to unanimously recommend that Amcom shareholdres vote in favour of the scheme, in the absence of a superior proposal.

"Each Amcom director has not changed their intention to vote in favour of the scheme in relation to the Amcom shares held or controlled by them," according to a company statement.

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Tags TPGFederal Court of AustraliaVocusamcom

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