3 Dec 2011

Private equity group offers more for Spotless

10:15 am on 3 December 2011

The private equity group Pacific Equity Partners has lifted its indicative offer for dual-listed industrial services firm Spotless Group by 5 cents to $A2.68 a share.

The revised offer, which values Spotless at $A711 million, is conditional on acquiring 100% of the company.

Spotless rejected the initial offer.