Australia: Bosch revises its offer for Pacifica Group by 15

摘要

ROBERT Bosch has raised its offer for Pacifica Group by 15% to AUS$298.5m (US$230m), according to Reuters. By acquiring Pacifica, an Australian brakes components manufacturer, Bosch expects to strengthen its brakes business. The Germany-based component supplier has increased its AUS$1.92 (US$1.48) per share bid, which was made in October, to AUS$2.20 (US$1.69) per share. However, in July, Pacifica rejected an AUS$2.40 (US$1.81) a share offer, valued at AUS$326m (US$245.9m), by an unnamed bidder.