Ares bids $2.50 a share for MaxiPARTS in $132M take-private
Truck parts group MaxiPARTS has drawn a conditional buyout approach from Ares and separately agreed to acquire a brake component supplier's assets for $11.2 million.
Company
ASX-listed truck components distributor
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Truck parts group MaxiPARTS has drawn a conditional buyout approach from Ares and separately agreed to acquire a brake component supplier's assets for $11.2 million.
Street Talk reports ASX-listed truck parts distributor MaxiPARTS has received a takeover approach from private equity firm Ares, which has appointed Macquarie Capital to advise on the potential deal.