Bain Capital made an unsolicited A$1.83bn takeover offer for Australian auto parts retailer Bapcor.
Private equity firm Bain Capital 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 last Friday. Bapcor shares gained 14% in morning trading, their largest increase since March 2020.
June 11, 2024
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