Australia's InvoCare set for best week ever on $1.2 bln takeover offer

InvoCare

10/03/2023 02:58

** Shares of InvoCare  IVC.AX  have risen 37.7% so far in
the week, on track for their best week ever 
    ** Funeral services provider on Tuesday got a non-binding
takeover offer from asset manager TPG Global LLC for A$1.81 bln
($1.19 bln) 
    ** Offer price of A$12.65 per share represented a 41.3%
premium to stock's last close on March 6
    ** IVC stock up 0.08% at A$12.25 on Friday 
    ** Stock up nearly 11% this year, as of last close 

($1 = 1.5218 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))