Spotless Group Limited (ASX:SPT) denies it’s received a takeover proposal from private equity fund Pacific Equity Partners.
The announcement comes after reports emerged Pacific Equity’s close to launching a $700 million takeover for the company that provides cleaning, catering and maintenance services.
Fairfax newspapers say the deal could be announced as soon as tomorrow or Thursday.
Spotless Group rejected a $657 million takeover offer from private equity firm Blackstone in May.
Shares in Spotless Group gained 6.82 per cent yesterday, closing at $2.35.
In the 2011 financial year Spotless Group reported a net profit of $42.8 million, easing 0.5 per cent from the year before.
