ITNEWS NEWSFLASH

+ Mass number of shareholders turn up to support deal

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NEWSFLASH

Monday June 15, 2015

Amcom beats down TPG's attempts to block Vocus merger

By Allie Coyne

Overwhelming shareholder support for $1.2 billion deal.

Amcom Telecommunications shareholders have smacked down TPG's efforts to scuttle the company's merger with Vocus Communications in a mass turn out of support for the deal.

Amcom and Vocus agreed last December to merge in a deal that would form a $1.2 billion communications provider, but have faced hurdles along the way after TPG boosted its holding in Amcom to an almost 20 percent blocking stake in an effort to scuttle the deal.

The companies needed more than 75 percent of Amcom shareholders to turn up and support the merger - a high target for a non-compulsory...

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