Sept 29 (Reuters) - Australia's Smartgroup Corp (SIQ) said on Wednesday it received a buyout proposal from a consortium, including TPG Global and Potentia Capital, that values the employee management services provider at A$1.38 billion ($1 billion).
Under the proposal, Smartgroup shareholders would receive A$10.35 per share, representing a 31.7% premium to the stock's last close.
($1 = 1.3778 Australian dollars)
Sept 29 (Reuters) - Australia's Smartgroup Corp (SIQ) said on...
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