May 21, 2018 / 7:19 AM / 3 months ago

Australia's BWX Ltd gets $603.1 mln takeover offer from CEO, Bain Capital

May 21 (Reuters) - Australia’s BWX Ltd on Monday said it received an unsolicited takeover proposal from its Chief Executive Officer John Humble and Finance Director Aaron Finlay in partnership with Bain Capital Private Equity and its affiliates, valuing the company at A$803.4 million ($603.1 million).

The offer is for A$6.60 per share in cash, or alternatively, a 75 percent payment in scrip for the newly incorporated entity and the rest in cash, BWX said in statement. ($1 = 1.3321 Australian dollars) (Reporting by Susan Mathew in Bengaluru; Editing by Christian Schmollinger)

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