Australia's InvoCare Ltd said on Monday it had received a higher A$1.86 billion ($1.26 billion) offer from TPG Global, weeks after the private equity firm revoked its A$1.81 billion pursuit for the funeral services provider.
said on Monday it had received a higher A$1.86 billion offer from TPG Global, weeks after the private equity firm revoked its A$1.81 billion pursuit for the funeral services provider.TPG's revised all-cash offer of A$13.00 per share represents a 17.2% premium to InvoCare's last closing price, and is inclusive of a special dividend of up to about 60 Australian cents per share.withdrew
its buyout bid after it was not granted access to the New South Wales-based company's books following its A$12.65 per-share indicative offer — a 41.3% premium at the time. InvoCare said on Monday it had agreed to provide TPG a chance to undertake a five-week due diligence on an exclusive basis to deliver a binding offer.
The company intends to recommend shareholders vote in favour of TPG's latest offer if it becomes a binding deal, InvoCare added.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An influencer’s AI clone will be your girlfriend for $1 a minuteCarynAI is the first AI companion product from a new startup called Forever Voices, allowing users to chat with a digital version of Caryn Marjorie — a famous snapchat influencer — for $1 a minute.
Read more »
Online fund raises over $1 million for suspect's defense in subway deathMany donors sending money to the fund, which is hosted on the crowdfunding website GiveSendGo, thanked Penny for 'doing the right thing.'
Read more »
Oregon couple ‘squats’ in million-dollar Central Park pad after tenant dies: lawsuitA pair of squatters from Oregon have commandeered a two-bedroom, rent controlled co-op worth nearly $1 million on Manhattan’s ritzy Upper West Side, according to a lawsuit.
Read more »
DeSantis Backs Vigilante Facing Manslaughter Charges“We stand with Good Samaritans like Daniel Penny,' Florida Gov. Ron DeSantis tweeted. His tweet also linked Penny’s legal defense fund on GiveSendGo, the same Christian platform that helped bring in cash for Kyle Rittenhouse.
Read more »
Smith called ‘driving force’ in Dale Bama Club’s successOZARK – The Dale County Bama Club’s presentation of 11 scholarship awards was decidedly bittersweet as club members paid posthumous tribute to the man credited with establishing nearly $1 million
Read more »
Jordan Neely death: Marine vet Daniel Penny's attorneys raise more than $1M for legal defenseLawyers for Marine veteran Daniel Penny, who is charged in the NYC subway chokehold death of Jordan Neely, have raised $1 million in less than a week.
Read more »