Australia's Costa Group gets lower buyout offer from Paine Schwartz

Costa group

17/09/2023 23:26

Sept 18 (Reuters) - Costa Group Holdings Ltd  CGC.AX 
said on Monday it has received a revised non-binding takeover
proposal from private equity firm Paine Schwartz Partners LLC,
valuing the fruit grower at A$3.20 per share, lower than the
A$3.50 apiece offer received in July.

($1 = 1.5547 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru; Editing by Lisa
Shumaker)
 ((Himanshi.Akhand@thomsonreuters.com;))