Deals
PAI Partners Boosts Offer for Diaper Maker Ontex
- New offer is 27.50 euros per share for Belgian diaper maker
- Bloomberg broke the news that buyout firm had approached Ontex
Ontex daipers move along the production line.
Source: Ontex Group
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PAI Partners has boosted its offer for diaper maker Ontex Group NV, clearing the way for the European private equity firm to start going over the company’s books. The Belgian firm’s shares surged.
Ontex’s board agreed to allow PAI to start due diligence, while “not being in a position to recommend the revised proposal” of 27.50 euros per share, the buyout firm said in a statement on Monday.