Both sides have largely agreed on the terms of a deal, which will be subject to a mutual and exclusive due diligence process to ensure financial claims stack up as well as shareholder approval. Vocus will pick the majority of board members while its chief executive James Spenceley is set to run the combined company. It will also attempt to acquire 100 per cent of Amcom's shares. Both parties declined to comment further, citing confidentiality agreements. Negotiations are continuing about the final price to be paid, with any deal set to involve Vocus using its shares to buy out Amcom shareholders. For the purposes of the swap both company's share prices will be pegged near the level they traded on October 24, before the offer was announced. A premium will then be paid on top of the swap to reflect the acquisitive nature of the deal.