Apax offers $571m for personal finance websites

The London-based private equity firm would pay $28.50 per share for the company Bankrate.com. The all-equity deal is a 15.8% premium over the stock’s close price on Tuesday.

London-based mega-firm Apax Partners has offered $571 million to buy Bankrate.com, which owns a network of financial-focused websites.

Apax will pay $28.50 per share in the deal, a 15.8 percent premium over the closing stock price on Tuesday. Apax is providing 100 percent of the financing for the deal, Bankrate.com

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