EQT Holdings says board ready to engage with TPG and BGH on takeover proposals

EQT Holdings Ltd EQT.AX said on Thursday its board was prepared to engage with TPG and BGH regarding their takeover proposals after concluding that the offer prices from the two suitors did not adequately reflect the value of the company. The proposals are not conditional on the exit of superannuation trustee services or ASIC litigation. The board offered TPG and BGH the opportunity to receive non-public information for an improved proposal.