TPG Global lowers buyout bid for Australia's Invocare to about $1.2 bln

InvoCare

09/08/2023 01:07

Aug 9 (Reuters) - Australia's Invocare  IVC.AX  said on
Wednesday it had received a A$1.8 billion ($1.18 billion) offer
from private equity firm TPG Global, down from the previous
offer of about A$1.87 billion after exclusive due diligence. 

($1 = 1.5309 Australian dollars)

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