BXB -7.59%: CVC Capital Partners has walked away from a potential bid for BXB today prompting the stock to fall. The private-equity firm told Brambles it “will not be putting forward a proposal nor seeking to conduct detailed due diligence at this time due to the current external market volatility,” Brambles said in a statement Tuesday. It was a quick dance between the two with some early discussions after BXB received an unsolicited takeover proposal, but nothing eventuated. We would suspect there was too much variance in each party’s interpretation of value.
MM thinks more could play out with this takeover
Add To Hit List
