Mayfield Childcare’s investor-turned-bidder Genius Education Holdings has done some soul-searching (and due diligence) over Christmas holidays, and is ready to come back with a higher bid.
Busy Bees expands again with New Zealand acquisition business-live.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-live.co.uk Daily Mail and Mail on Sunday newspapers.
Busy Bees back with $3.20 Think Childcare offer
Share
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.