Street Talk

M2, Vocus propose $3b merger

Edited by Sarah Thompson, Anthony Macdonald and Jake Mitchell

Updated Sep 28, 2015 – 7.55am, first published at 7.54am

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M2 Group and Vocus Communications have announced a merger which would would propel the combined entity into Australia's top top-100 stocks and complete a whirlwind 12-months of corporate activity among listed small cap telecommunications companies.

As revealed by Street Talk Online before the companies' announcement on Monday morning, the M2 and Vocus boards backed a merger which would see M2 shareholders receive 1.625 Vocus shares for each M2 share.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Jake Mitchell is a former Fairfax Media journalist.