Navitas gets higher bid from BGH Capital

Company News

by Anna Napoli

Private equity firm BGH Capital has lobbed an increased $2.1 billion offer for education company Navitas (ASX:NVT).

The $5.825 a share offer was announced by Navitas this morning.

It comes after a $5.50 a share offer from BGH was rejected by the Navitas board in November.

Navitas has granted exclusive due diligence to the private equity firm until February 18, 2019.

The board says it is likely to support the proposal subject to a superior offer emerging.

Shares in Navitas (ASX:NVT) are trading 9.59 per cent higher at $5.37.