Apple: Will Annual Meeting Bring Insight on Capital Plans?

Apple (AAPL) shares are down 40 cents at $162.32, as the company goes into its annual shareholder meeting today, prompting a couple of observations from the Street. Proxy materials are available on Apple’s investor-relations website. The two proposals presented by shareholders are for Apple to lower the barrier for shareholders to nominate board members, and […]

Australia’s Vocus gets $1.7 billion approach from Affinity, matches KKR bid: Reuters

Australian internet provider Vocus Group Ltd said on Tuesday a second private equity firm has made a A$2.2 billion ($1.7 billion) takeover approach, sending its shares higher on hopes for a bidding war. Vocus said Affinity Equity Partners (S) Pte Ltd has matched an informal offer of A$3.50 per share from KKR & Co LP and that it would open its books to both suitors for due diligence. The emergence of further interest in Vocus brightens buyout prospects for a firm which has seen its share price slide in the wake of a May profit warning as it struggles to make the most of acquisitions bought in a three-year $2.4 billion shopping spree. The A$3.50 per share offers are roughly two-thirds below its stock price a year ago. “With discussions now officially non-exclusive, and firm interest from a second party established, we are confident a
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