Australia's Bapcor rejects Bain Capital's $1.2 bln takeover offer

Bapcor

09/07/2024 24:31

July 9 (Reuters) - Auto parts retailer Bapcor  BAP.AX 
rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout
offer from private equity firm Bain Capital, saying the offer
"does not represent fair value for Bapcor".
    

($1 = 1.4846 Australian dollars)

 (Reporting by Rajasik  Mukherjee; Editing by Mohammed Safi
Shamsi)
 ((Rajasik.Mukherjee@thomsonreuters.com;))