Busy Bees back with $3.20 Think Childcare offer
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The bidding war between Busy Bees Early Learning and Alceon Private Equity for ASX-listed Think Childcare Group looks to have come to an end.
The bidding war for Think Childcare has come to an end.
Peter Braig
The Ontario Teachers’ Pension Plan-backed Busy Bees lobbed a $3.20 a share offer over the weekend, and Alceon has agreed to sell its 19.2 per cent stake in Think into the offer.
It is understood Busy Bees’ revised proposal comes after Alceon was given permission to negotiate directly with rival bidder Busy Bees, after a six month bidding war.