PEP raises bid for Spotless
Pacific Equity Partners has upped its takeover bid for Australian cleaning services firm Spotless to A$711 million ($727.7 million) from A$700 million, in an attempt at coaxing the company that has twice rejected its private equity suitors.
The deal would price Spotless at A$2.68 a share, representing a A$0.05 raise from its previous A$2.63 offer. That price was rejected by Spotless two weeks ago on the grounds that it did not fully represent...
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