Merrill Lynch Global Private Equity and Sydney-based Pacific Equity Partners have approached Veda Advantage with a take-private proposal to buy the listed Australian credit checking company at A$3.61 ($2.79; €2.15) a share.
The board of Veda Advantage, previously known as Baycorp Advantage, has decided to open its books to the consortium for due diligence, according to a filing with the Australian exchange today.
