Vonex Limited agrees to buy MNF Group’s Direct Business for $31 million

SYDNEY, AUSTRALIA: Vonex Limited has agreed to acquire MNF Group’s Direct Business which services SME and Consumer customers for $31 million, comprising $20 million of cash consideration payable on completion and $11 million of deferred cash consideration payable in monthly installments over 12 months, a news release said. MNF will retain elements of the business…