January 14, 2019 / 9:46 PM / 9 days ago

Australia's Navitas gets sweetened takeover bid from founder and private equity firm

Jan 15 (Reuters) - Australian adult education provider Navitas Ltd on Tuesday received a sweetened A$2.09 billion ($1.50 billion) buyout offer from a consortium of its founder and a private equity firm.

The new proposal values the company at A$5.825 per share, higher than the A$5.50 bid made by the consortium last year.

$1 = 1.3895 Australian dollars Reporting by Aditya Soni in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below