BXB confirmed that CVC would not conduct due diligence due to market volatility

Brambles Limited (ASX: BXB) has released an announcement where it confirmed that CVC Capital Partners (CVC) will not be putting forward a proposal nor seeking to conduct detailed due diligence at this time due to the current external market volatility.

Also Read: Brambles responds to media speculation regarding possible bid by CVC

However, the Board remain focused on implementing the Shaping our Future transformation plan, which builds on the strength of BXB’s sustainable business model to convert the business and unlock value for customers and shareholders.

Now, the Board will continue to look for other options for the Company that maximise shareholder value.

At AEST BXB shares are trading at AU$10.840, down 6.551% from the previous close. 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au