Australia's Spotless receives $709 mln offer-sources

MELBOURNE Wed Nov 16, 2011 3:16am EST

MELBOURNE Nov 16 (Reuters) - Australian services firm Spotless Group has received a A$698 million ($709 million) takeover offer from buyout firm Pacific Equity Partners, two sources said on Wednesday.

"Spotless received a proposal from PEP after the market closed today," an external spokesman for Spotless told Reuters, adding that the company was considering its options.

Pacific Equity Partners declined to comment.

The offer was pitched at A$2.63 a share, two sources said. Spotless shares closed on Wednesday at A$2.35. ($1 = 0.984 Australian Dollars) (Reporting by Sonali Paul; Editing by Ed Davies)

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