Brambles Limited (ASX: BXB) has responded to the media speculation and confirmed that it had preliminary engagement with Capital Partners regarding an unsolicited proposal to acquire all of the shares in Brambles.
BXB also confirmed that the engagement is preliminary, incomplete and there has been no formal proposal received from CVC. Further, there is no certainty that the engagement will result into a binding offer being received from CVC.
At AEST 11:08 AM, BXB shares are trading at AU$11.650, up 11.697% from the previous close.
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