The offer comes as Vocus undertakes a turnaround plan aimed at cutting its debt load by selling assets.
The offer was pitched at a 47 percent premium to Kidman's last closing price on May 1.
The company expects the acquisition to deliver annual cost savings of about A$13.5 million.
The rejection came a day after Wesfarmers launched a bid of A$2.25 per Lynas share, which represented a near 45 percent premium to the rare earths min
Jangho, which is also Healius' biggest shareholder, with a 16 percent stake, made a bid last week to acquire the New South Wales-based company.
The deal comes months after Woolworths cancelled a A$1.8 billion sale of its petrol stations to British oil giant BP Plc after it was blocked by Austr
Australian Unity Office said the funds sweetened their bid to A$2.95 per cash unit, 8.5 percent higher than the last offer of A$2.72 cash per unit.
Australia is an attractive market for foreign insurers because the population and economy are growing faster than in most other developed markets, and
It outbid rival suitor APN Outdoor which has itself received a takeover offer from French advertiser JCDecaux.
Blackstone’s move is a bet on the future of commercial property across Australia’s east coast, where analysts expect strong demand to support yiel
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