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SYDNEY - The board of Australian credit checking company Veda Advantage Ltd said today it has recommended a A$3.61 ($4.12) per share takeover offer from a private equity consortium led by Pacific Equity Partners and Merrill Lynch Global Private Equity.
The offer values Veda at A$814 million on an equity basis and A$963 million on an enterprise value basis, Veda said in a statement.
- REUTERS
