BCA Marketplace rejects $2.15 billion buyoutStaff Writer | June 11, 2018
WeBuyAnyCar owner BCA Marketplace said it had rejected a preliminary 1.6 billion pound ($2.15 billion) cash takeover offer from London-based private equity firm Apax Partners.
Acquisition The 200 pence per share offer represents a 5.2 discount
No further proposals have been received since it rejected the offer, BCA said. Apax has until July 8 to make an offer or walk away under stock market rules.
Apax said on Sunday it was in early stages of considering an offer for BCA to be made by a new entity controlled by funds advised by Apax. ■