Clearview Jumps On Crescent's Improved $254M Buyout Offer

Law360, Wilmington (August 29, 2012, 7:50 PM EDT) -- Financial services firm Clearview Wealth Ltd. accepted an increased buyout offer on Wednesday of AU$245 million (US$254 million) from Australian private equity firm Crescent Capital Partners after getting the go-ahead from its largest shareholder.

Clearview said in a statement that its board signed off on the 55 cents-per-share bid from a Crescent affiliate. Guinness Peat Group PLC, which holds a nearly 48 percent stake in Clearview, confirmed on Thursday that it, too, accepted the improved bid after snubbing 50 cents per share from the private equity...
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