Shares in Greencross jumped after reports of interest by private equity in the pet shop and veterinary group.
A short time ago, the shares were up 3% to $4.88 but still less than half the year-high of $9.90.
The Australian Financial Review reports Greencross is trading at eight times earnings and private equity has shown a willingness to pay 11 to 12.
“Private equity is believed to be circling,” the AFR says.
There’s more HERE.