IVC invocare limited
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News: IVC TPG Global withdraws bid for funeral services provider InvoCare

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    24/04/23
    09:45
    Post #: 67422955

    April 24 (Reuters) - Australian funeral services provider InvoCare (IVC) said on Monday that U.S.-based private equity firm TPG Global had withdrawn its A$1.81 billion ($1.21 billion) buyout bid for the company after it did not grant TPG due diligence.

    The A$12.65 ($8.47) per share indicative offer from TPG was deemed by InvoCare's board to "not provide compelling value for shareholders."

    ($1 = 1.4941 Australian dollars)

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