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Auto parts retailer Bapcor rejects Bain Capital's takeover offer of $1.2 billion as too low.
Australian well-known auto parts retailer, Bapcor Ltd., rejected the acquisition offer of up to 1.83 billion Australian dollars (about 1.2 billion US dollars) from the global private equity giant, Bain Capital, due to the low bid.
Bain Capital is planning to offer $1.2 billion to acquire Bapcor, a retailer of auto parts, at a premium.
Global private equity giant Bain Capital has initiated the acquisition of Bapcor Ltd., a well-known auto parts retailer in Australia.
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