Australia's Vocus Group said on Tuesday Macquarie's funds has agreed to team up with pension fund Aware Super for the A$3.42 billion ($2.71 billion) takeover of the fibre network owner.
Two weeks ago, Macquarie Infrastructure and Real Assets Holding (MIRA) made a A$5.50 per share non-binding offer, one of at least three approaches for Vocus since 2019.
Melbourne-based Vocus said the terms of the offer have not changed since Feb. 8 and the consortium was still conducting due diligence.
Neither Aware Super nor MIRA immediately responded to a Reuters request for comment.
Shares of Vocus dipped 0.2% to A$4.97, nearly 10% off the offer price in the early hours of trading .
MIRA is a part of Macquarie Group's asset management arm.
($1 = 1.2637 Australian dollars)
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Arun Koyyur)
