Report
Brian Han
EUR 100.00 For Business Accounts Only

Vocus Gets Another Offer, This Time from an Energy Company Subject to Due Diligence

We restore our fair value estimate for Vocus to its prior stand-alone intrinsic assessment of AUD 3.00 per share. This follows EQT Infrastructure's decision to withdraw its AUD 5.25 per share Indicative Proposal, one that was announced just last week while this author was on leave, in the middle of a shocking 8th hole of an even more shocking round of golf.
The development is disconcerting. This is the third time a private equity suitor has snubbed the narrow-moat-rated group, after Kohlberg Kra...
Underlying
Vocus Group Limited

Vocus Group is a telecommunications provider, providing telecommunications and other services to customers across Australia and New Zealand.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Han

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