(Reuters) -Australia’s Bapcor on Tuesday confirmed it has obtained a non-binding indicative proposal from non-public fairness agency Bain Capital to purchase the automotive elements retailer in a deal that values its fairness at A$1.83 billion ($1.21 billion).
Below the phrases of the proposal, Bapcor shareholders would obtain A$5.40 money apiece.
“The Board cautions that at this time there is no guarantee that the indicative proposal put forward by Bain Capital will result in a binding offer or that any transaction will eventuate,” the corporate clarified in an change submitting.
The announcement comes after the Australian Monetary Evaluate earlier this week reported the proposal from Bain Capital for Bapcor.
Bapcor stated it had obtained the supply from Bain Capital Non-public Fairness, LP to purchase the agency by the use of a scheme of association after market shut on Friday.
($1 = 1.5135 Australian {dollars})
