November 5, 2018 / 12:16 AM / 16 days ago

U.S. private equity group TPG bids $481 million for Australian pet-care firm Greencross

(Reuters) - Australian veterinary clinics operator Greencross Ltd (GXL.AX) said on Monday it has received a A$5.55 a share takeover offer from an entity owned by U.S. private equity firm TPG Capital, valuing the company at A$668.6 million ($481.4 million).

The offer is at a 22 percent premium to Greencross shares’ last closing level of A$4.54.

Reporting By Rushil Dutta in Bengaluru

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