By Stuart CondieSYDNEY--InvoCare Ltd. said it has opened its books to a unit of TPG Inc. after it lodged an improved takeover proposal for the Australian funeral-services provider. The ASX-listed company on Monday said that the unit, TPG Global, had made an unsolicited indicative proposal worth A$13.00 in cash per share, inclusive of a A$0.60 special dividend. Dividend imputation raises the implied value of the proposal to A$13.25 a share for some shareholders, InvoCare said.

Source: Wall Street Journal May 15, 2023 02:13 UTC