Ares takeover offer for MaxiPARTS seen attracting possible third-party bidders
Market talk cites Ares Management’s A$2.50-a-share proposal for MaxiPARTS. Directors are supportive if Ares firms up the bid, while analysts Ord Minnett and James Casey assess interloper risk.
Could a third party attempt to gatecrash a takeover of MaxiPARTS? Ord Minnett assesses the possibility.
MaxiPARTS has received a A$2.50-a-share proposal from Ares Management.
Its directors are supportive if Ares firms up the bid.
Examining potential interlopers, analyst James Casey says Bapcor is t…