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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Australia
2 mins to read

Bapcor A$1.83b takeover stalls

It has been a busy day for the automotive aftermarket supplier, which has also announced a new CEO and chair.

The ASX-listed Bapcor runs 1100 stores in Australia and New Zealand across the Autobarn, Autopro, and Burson brands.

Dan Purves Tue, 09 Jul 2024

Automotive aftermarket supplier Bapcor has rejected Bain Capital’s offer to acquire the company for A$1.83 billion ($2b), stating it does not fairly value the company.

Shares in the company tumbled by 24% in May, wiping out A$500 million in value, following a succession of earnings downgrades and

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Dan Purves Tue, 09 Jul 2024
Contact the Writer: dpurves@nbr.co.nz
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Bapcor A$1.83b takeover stalls
Australia,
104825
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