Never a company to be outdone, AGL Energy Limited [ASX:AGL] has announced it will go ahead with non-binding, indicative proposal to acquire Vocus Group Limited [ASX:VOC] — after earlier claims the companies were unable to come to terms. AGL’s share price is currently valued at $19.80, falling 5.3% since market open.
Shares of ANZ telco provider Vocus Group Ltd [ASX:VOC] have plummeted in the first few hours of today’s trading, dropping 78.5 cents by 11am. At the time of writing Vocus Share price is sitting at $3.79 apiece, down 17.14%
Today Vocus share price experienced a 22% rise, following the announcement of a takeover offer from Swedish private equity giant, EQT Partners.
How do you make money in the stock market? You buy low and sell high. Pretty simple right?