June 11 (Reuters) - British car auctioneers BCA Marketplace said on Monday it had rejected a 1.6 billion pound ($2.15 billion) preliminary cash takeover offer from London-based private equity firm Apax Partners.
The 200 pence per share offer represents a 5.2 discount to BCA’s Friday close of 211 pence per share.
No further proposals have been received since it rejected the offer, BCA said. Apax has until July 8 to make an offer or walk away under stock market rules.
Apax said on Sunday it was in early stages of considering an offer for BCA to be made by a new entity controlled by funds advised by Apax. ($1 = 0.7448 pounds) (Reporting by Arathy S Nair in Bengaluru; editing by Patrick Graham)