G8 Education offer for Affinity Education is not its first, or best

By Stephen Cauchi
Updated July 6 2015 - 1:18am, first published 12:15am
In April G8 Education proposed a nil premium merger that would have involved G8 paying $1.10 per Affinity share.
In April G8 Education proposed a nil premium merger that would have involved G8 paying $1.10 per Affinity share.

G8 Education, which lobbed a $162 million takeover bid for smaller rival Affinity Education Group last week, had offered before to buy its smaller rival at a far higher share price, sources have told Fairfax Media.

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