Australia's InvoCare turns down $1.20 billion bid from TPG

InvoCare

26/03/2023 22:47

March 27 (Reuters) - Australian funeral services
provider InvoCare Ltd  IVC.AX  said on Monday it had concluded
that the A$1.81 billion ($1.20 billion) offer from U.S. private
equity firm TPG Global failed to provide compelling value to its
shareholders.
    InvoCare currently is not ready to grant TPG Global access
to its books, it said

($1 = 1.5042 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))