Spotless rejects PEP's $700m takeover offer
Australian cleaning services company Spotless Group has rejected Pacific Equity Partners’ (PEP) A$698.3 million ($702 million) takeover offer, branding the bid as too low.
This is Spotless' second rejection of a takeover bid by a private equity firm since May. At that time, Blackstone offered A$657 million, or A$2.50 a share, for the company, which was also rejected for...
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