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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Brambles Limited | ASX:BXB | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.15 | 1.05% | 14.43 | 15.87 | 12.99 | 14.465 | 14.245 | 14.33 | 1,097,674 | 07:00:32 |
From May 2022 to May 2024
By Stuart Condie
SYDNEY--Brambles Ltd. said that CVC Capital Partners decided against making a formal takeover proposal for the pallet supplier due to what the private-equity firm called external market volatility.
Brambles on Tuesday said that CVC wouldn't seek detailed due diligence and that talks between the parties had concluded.
The Australia-listed firm said that its board and management were focused on Brambles's existing transformation plan. The board will continue to explore other options to maximize shareholder value, it added.
Brambles shares jumped to an eight-month high on Monday after the firm confirmed an unsolicited approach by CVC. Brambles didn't give any detail with regard to the value of any proposal, which Australian newspapers reported could be worth about 20 billion Australian dollars (US$13.94 billion).
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
May 16, 2022 19:53 ET (23:53 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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