Financials, gold stocks pull down Australian shares; rate concerns persist
* ASX 200 falls with all sectors in red * ANZ at two-week low * Banking stocks close at lowest level since Nov. 2 ...
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* ASX 200 falls with all sectors in red * ANZ at two-week low * Banking stocks close at lowest level since Nov. 2 ...
"The proposed transaction involved considerable complexity and, ultimately, the parties have been unable to reach alignment on the operating model and commercial terms," TPG Telecom said in a statement. In August, Vocus had made a non-binding offer to TPG Telecom to acquire certain Enterprise, Government and Wholesale (EGW) assets and associated fixed infrastructure assets, including wholesale broadband business Vision Network. TPG later extended the due diligence period for the deal in September, before it expired in October.
Vocus Group's $6.3 billion bid for Australian telco TPG Telecom's non-mobile fibre assets will no longer push through with both sides unable t...
TPG Telecom ends $6.3B fiber asset sale talks with Vocus due to disagreement on terms. Shares drop. TPG reviews alternatives., , telecom
Australian stocks inched lower on Monday as investors fretted over risks of further interest rate hikes, while ANZ Group fell after reporting annual profit below analyst estimates. The...