Blackstone agrees $396m deal for Australian panel business
The Blackstone Group will buy the panel repair business of Australia-listed automobile aftercare services and accessories provider AMA Group for an enterprise valuation of A$508 million ($396 million).
AMA shareholders can either sell their shares for A$0.86 apiece in cash or for a combination of cash and shares in the private equity firm’s acquisition vehicle, according to a filing. The mixed option...
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