The ailing automotive parts retailer Bapcor is vulnerable to a takeover and could return to private equity hands after a heavy share price tumble and profit downgrade, brokers concluded.
“Bapcor remains a takeover target while the multiple languishes,” Macquarie said in a note to clients on Friday.
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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
