Business Services Industry
DCA happy to hand over reins to CVC.
Australasian Business Intelligence, September, 2006
Byline: Eli Greenblat
Sep 26, 2006 (The Australian Financial Review - ABIX via COMTEX) -- DCA Group has firmly endorsed the CVC consortium's takeover offer. It is believed that the $A2.7bn bid of CVC Capital Partners and CVC Asia Pacific is in fact not the highest that DCA has received. However, the Australian-listed healthcare group's directors assert that the CVC offer is the best overall. DCA has agreed that it will not seek a higher bid. There is talk that a higher offer may still arise, possibly from a Pacific Equity Partners-Macquarie Bank consortium, which has already made a failed attempt.
Publication Date: 27 September 2006
DCA GROUP LIMITED - ASX DVC
CVC ASIA PACIFIC (AUSTRALIA) PTY LTD
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