October 28, 2018 / 9:53 PM / 24 days ago

Australia's Navitas spurns $1.4 bln takeover bid

Oct 29 (Reuters) - Australian tuition provider Navitas Ltd said on Monday it had spurned a $1.4 billion takeover offer from its co-founder and local private equity firm BGH because it undervalued the company.

Navitas said in a statement that it was still willing to negotiate with BGH, but that would involve a detailed management presentation.

Navitas said on Oct. 10 that it had received the takeover bid. (Reporting By Rushil Dutta in Bengaluru Editing by Susan Fenton)

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