News: GXL U.S. private equity group TPG bids $481 mln for Australian pet-care firm Greencross

Nov 5 (Reuters) - Australian veterinary clinics operator Greencross Ltd (GXL) 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.

($1 = 1.3889 Australian dollars)