UDPDATE: British private equity firm signals $2.54b takeover of Trade Me

Tue, 20 Nov 2018

(Updating to add some of Apax’s other investments in last paragraph; updates share price in 2nd paragraph.) By Jenny Ruth Nov. 21 (BusinessDesk) - Trade Me Group says British private equity firm Apax Partners has approached it with a non-binding indicative offer to take it over for $6.40 per share. That’s a 25.5 percent premium to Tuesday’s close at $5.10 and values Trade Me at $2.54 billion. The shares are now trading at $6.09, up 99 cents, or 19.4 percent. “This indicative proposal is subject to a number of conditions, including t...

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