Deals
Refresco Rejects $1.5 Billion Takeover Bid From PAI Partners
- French buyout firm said to be weighing an offer for Refresco
- Deal would take the Dutch soft drink bottling firm private
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Refresco Group NV rejected a takeover bid from French private equity firm PAI Partners SAS that valued the Dutch soft-drink bottler at 1.4 billion euros ($1.5 billion).
Refresco received the offer on April 6 and its board decided that the proposed terms didn’t merit further investigation, the company said in a statement on Wednesday in response to a Bloomberg News report. PAI is weighing a bid for the company to take it private, and other buyout firms may also be interested, people familiar with the matter said.