MaxiPARTS receives $2.50 per share buyout offer from Ares; signs deal to acquire Air Brake Systems
MELBOURNE: MaxiPARTS Ltd., an Australian distributor of aftermarket parts for commercial vehicles, said Thursday it has received a conditional, non-binding proposal from private equity firm Ares Management to acquire all of its outstanding shares for $2.50 per share in cash. The proposal, made through funds managed by Ares Management Asia (Singapore) Pte Ltd., would be…