LONDON (ShareCast) - Private equity group Candover Investment has reportedly received a number of bid approaches for Belgium-based nappies and wet wipes maker Ontex.
The Financial Times is quoting people close to the company as
saying that the business is worth about €950m.
Candover shot up yesterday after it said it is in full compliance of its covenant obligations and has ended takeover talks.
The group said recent actions mean that it will be in full compliance with the covenant obligations attached to its 2014 loan notes as at 30 June 2009.
The group, which received a range of proposals in March, said none of the proposals had "sufficient certainty" and value to justify consideration. "Accordingly, all offer discussions have now ceased," it added.
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