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Australia's APM Human Services gets $841 million offer, flags lower earnings

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Everything to know about the April 8 eclipse in Atlantic Canada | SaltWire #eclipse | SaltWire - APM Human Services International received on Monday an A$1.28 billion buyout offer from U.S. private equity firm Madison Dearborn Partners, and said it expects lower earnings this year, sending its shares down 30%.

CVC had sweetened its proposal to A$2 per share after APM rejected the private equity firm's initial A$1.60 apiece offer, citing that the bid did not"sufficiently reflect its fundamental value". The company said it expects underlying net profit after tax and before amortisation for fiscal 2024 between A$95 million and $105 million, lower than A$178.2 million posted last year.

 

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