Bingo Industries was quick to confirm CPE Capital and friends' $3.50 a share bid for the company today, ensuring a painful trading day for hedge funds with bets against the waste group.
Attention now turns to whether CPE and partners – including Macquarie's MIRA – can stack up their indicative proposal, and whether their bankers at Goldman Sachs can help come up with the required funding.
Tonight, we take a look at the new health sector spin-offslated for the ASX boards, Aurora Healthcare. It's due to be hived out of Luye's Healthe Care, which is the country's third-largest private hospital group, with the help of UBS.
Elsewhere, we reveal Quadrant Private Equity's talks with investment bankers about Darrell Lea and unveil the major players looking at Australian cracker business Gourmet Food Holdings.
The two private equity bigwigs and strategic giant that squared off for biscuit company Arnott's are back battling it out in another Australian auction.
