TPG Capital’s $1.8 billion buyout offer for Australia’s largest funerals company is clearing a string of potential hurdles, with an independent expert saying the $12.70 per share cash offer is “fair and reasonable”.
The private equity firm has also been given the all-clear by New Zealand regulators, with the Overseas Investment Office late on Friday approving it to become the owner of 50 locations operated by InvoCare in the country.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
