Reported about 1 year ago
Private equity firm Bain Capital has made an unsolicited takeover offer for Australian automotive parts retailer Bapcor Ltd., valuing the business at over A$1.83 billion ($1.21 billion). Bapcor, the parent company of Autobarn and Midas, received a conditional A$5.40 per share cash offer from Bain Capital, with the company's board considering the proposal. Bapcor's shares surged 14% on Tuesday after the announcement.
Source: YAHOO