Bain Capital offers A$1.83b to acquire beleaguered Bapcor
The ASX-listed Bapcor runs 1100 automotive stores in Australia and New Zealand across the Autobarn, Autopro, and Burson brands.
Three earnings downgrades have signficantly hit Bapcor’s shareprice.
Automotive aftermarket supplier Bapcor confirmed today it has received a non-binding takeover offer from US-headquartered Bain Capital Private Equity for A$1.83 billion ($1.97b).
The move comes as Bapcor continues to go through turmoil in terms of financials and management. Despite this, analysts
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