UK - Biffa rebuffs HgCapital and Montagu again
Biffa has rejected a second offer pitched at 330p per share from suitors HgCapital and Montagu Private Equity. The waste disposal company has been in the sights of the bidding consortium since early September. The latest offer values the business at £1.2bn. Biffa's board are not opposed to a sale but believe the 330p per share level undervalues the business.
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