Displaying items by tag: KKR

MYOB is looking beyond core accounting functions and is also aiming to deliver new features on a more regular basis.

MYOB has chosen Greg Ellis to succeed Tim Reed as its CEO.

Swedish private equity firm EQT Infrastructure has ended talks with Vocus Communications over a possible takeover which valued the company at A$3.3 billion, the Australian firm says.

MYOB shareholders have voted in sufficient numbers for the scheme of arrangement that would see US-based equity firm KKR take full ownership of the accounting software company.

Accounting software provider MYOB has failed to come up with a better deal than that proposed by US-based equity firm KKR last year.

American equity firm Kohlberg Kravis Roberts has made an offer to buy the shares it does not already own in online business management solutions company MYOB at $3.70 per share, MYOB has said in an announcement to the ASX on Monday.

Vocus Telecommunications has announced that both the bids it received for an acquisition have been called off as the bidders were unable to commit to terms that were acceptable by its board.

Telecommunications outfit Vocus has permitted Kohlberg Kravis Roberts to conduct due diligence to establish whether the offer made by the American equity firm can be taken any further.

Australian telco Vocus has denied that it has turned down a $3.3 billion takeover from US equity firm Kohlberg Kravis Roberts. 

Vocus chief executive Geoff Horth and chairman David Spence will host an investors day tomorrow, looking to persuade US private equity firm Kohlberg Kravis Roberts to raise its $2.2 billion bid, or else to attract another buyer.

Australia's fourth biggest telecommunications company Vocus has received a $2.2 billion takeover offer from private US equity firm Kohlberg Kravis Roberts.

After the hedge fund Elliott Associates made known its bid for Novell, at some kind of bargain basement price of under a billion US dollars, it seems unlikely that the company will not be acquired by either the fund or some other suitor who is waiting in the wings.