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UPDATE 1-Australia's Vocus ends takeover talks with KKR, Affinity

From Reuters - August 20, 2017

(Reuters) - Australian telecoms company Vocus Group Ltd (VOC.AX) said on Monday that takeover discussions with Kohlberg Kravis Roberts & Co (KKR.N) and Affinity Equity Partners had ended.

The private equity players had each lodged separate but matching A$2.2 billion ($1.74 billion) bids for Australia's fourth-biggest internet company, which had seen its share price slide in the wake of earnings downgrades.

Vocus said on Monday that after due diligence the two private equity firms advised the company they were unable to meet the board's terms.

"Accordingly, all discussions have now ceased," Vocus said in a statement.

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