Vocus has seen another potential buyer of its business walk away as AGL has withdrawn the AU$4.85 per share offer it put forward last week.
Following its proposal, AGL was offered exclusive due diligence access for four weeks.
“We believe there will be material opportunities for AGL as energy and data value streams continue to converge and the traditional energy sector accelerates its transformation,” AGL told the ASX on Monday morning, a week into its diligence.
“The approach to Vocus reflected our view that the Vocus asset base has attributes that could support the execution of this strategy and benefit our customers.
“However, we are no longer confident that an acquisition of Vocus at the proposed terms would represent sufficient certainty of creating value for AGL shareholders.”
AGL had previously said its proposed purchase would allow it to offer data and energy bundles to enterprise customers, and that it expected the company to have a positive impact on its earnings within the first year.
Earlier this month, EQT Infrastructure walked away from a AU$5.25 proposal after conducting due diligence.
In its half-year results announced in February, Vocus reported revenue as being up 1% to AU$974 million, while underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) was down 10% to AU$171 million, and statutory earnings before interest and tax was down a third to AU$50 million.
AGL puts forward offer for Vocus
Offer put forward by Australian energy provider is 40 cents lower than EQT’s dumped proposal price.
EQT walks away from Vocus proposal
Due diligence fails to result in an offer for Australian telco.
Vocus receives all cash takeover proposal from EQT Infrastructure
EQT offers AU$5.25 for shares that have traded below AU$4 for most of the year.
Vocus getting out of NBN land grab to focus on fibre links and wireless
NBN is complex and economically unattractive, and retail will shift towards fixed wireless and mobile, the company has said.
ACCC starts breaking out Vodafone NBN customer connections
Vodafone Australia is sitting around the level of Aussie Broadband and MyRepublic in the latest ACCC Wholesale Market Indicators Report.
The Cold War Mystery That Remains Unsolved
The USS Scorpion was commissioned on July 29, 1960, and came as a formidable Cold War nuclear-powered vessel. The innovation of the submarine, combined with the high tensions of the time and the constant state of alert brought on by the Cold War, kept the Skipjack active and working almost constantly.
In August 1960, the Scorpion set out to European waters before eventually, in 1961, being transferred to a base in Norfolk, Virginia. The Scorpion kept a standard routine of patrolling the Atlantic coastline and practicing nuclear warfare drills. After a mechanical overhaul lasting from June 1963 to May 1964, the USS Scorpion began patrol of European waters. In 1966, the submarine was sent on an assignment to the Black Sea.
This constant state of patrol meant another overhaul was necessary after the voyage to the Black Sea. However, given the state of the Cold War and the need for submarines to be ready to combat the Soviets at a moment’s notice, the USS Scorpion’s readiness was put above proper maintenance even after years of constant patrol.
The Feature That You Likely Didn’t Know Your iPhone Camera Had
If you’ve ever wanted to take photos while recording video without having to resort to screen captures of video stills, Apple has something for that in almost all of the new phones it’s released since September 2019. QuickTake is a built-in and easy-to-use feature that lets you record video and snap pictures using the same device, with no need to switch between camera modes or download any additional camera apps.
There’s a small catch, however. While the process is very simple when you know how to turn it on, it may affect the overall quality of your photos. In essence, if your photo settings are adjusted for higher-quality images, those settings won’t carry over to video. And since QuickTake uses video camera sensors rather than the regular ones, there’s not much you can do to change that. Newer iPhone models do support up to 4K video, which could yield better results.
Regardless, whatever your reasons for wanting to take photos while simultaneously recording video with your iPhone may be, it’s a very simple process.
How to use QuickTake
Making use of your iPhone’s QuickTake feature doesn’t require any special setup or settings changes — it’s already part of the default Camera app so long as you’re using iOS 13 or newer.
- Open the Camera app and leave it on the default Photo mode. You should see “Photo” highlighted in yellow, just above the Shutter Button.
- When you’re ready to record, press and hold the Shutter Button to begin recording video. Recording will stop if you release the Shutter Button.
- Slide your finger from the Shutter Button over to the Lock icon in the bottom-right corner of the screen (where the button for swapping between front- and rear-facing cameras normally is).
- The Lock icon will change to a small Shutter Button, and the video recording button will change to the regular recording icon. At this point, your iPhone will continue to record video if you remove your finger from the screen.
- While your video is recording, tap the small Shutter Button in the bottom-right corner of the screen to take photos.
- Tap the recording button (it will look like a Stop button while recording) to stop taking video.
The QuickTake video you’ve recorded and all of the photos you snapped will appear in your Photos app. Due to videos being added to the Photos app once recording stops (rather than when it starts), the new video will appear after your QuickTake photos.
The Science Behind The Deadly Lake
A buildup of carbon dioxide gas is not uncommon for crater lakes, with many of them occasionally releasing bubbles of it over time. Volcanic activity taking place below the Earth’s surface (and below the lake itself) will cause gasses to seep up through the lakebed and into the water. Something that generally isn’t a concern as deeper, colder water is able to absorb substantial amounts of carbon dioxide, but if the concentration gets too dense it can create bubbles that float up to and burst on the surface of the water.
This in itself is common, and the volume of carbon dioxide usually released in this manner will dissipate into the air quickly. However, it’s theorized that Lake Nyos had been amassing an uncharacteristically large amount of gas due to a combination of factors like location, local climate, overall depth, and water pressure. Once that buildup had been disturbed, it all came rocketing out.
Whether it was due to a rock slide, strong winds, or an unexpected temperature change throwing off the delicate balance is still unknown. But whatever the catalyst was, it caused the lower layer of deep, carbon-infused water to start to rise. Which then began to warm up, reducing its ability to contain the gas. The resulting perpetual cycle of rising waters and gasses creates the type of explosion you might see after opening a carbonated beverage after it’s been shaken vigorously.
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