TPG Inc. (NasdaqGS:TPG) has made a revised takeover proposal to Australian funeral home operator InvoCare Limited (ASX:IVC) of around AUD 1.83 billion ($1.21 billion), down from about AUD 1.87 billion following exclusive due diligence, according to people familiar with the matter. The firm proposed a revised takeover offer of around AUD 12.70 per share for the Sydney-based company over the weekend, the people said, down from a AUD 13 per share offer in May. InvoCare requested a trading halt on 7 August 2023 morning ahead of a statement it planned to make on the TPG proposal.
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