Australia’s InvoCare receives $1.22bn bid from TPG

Australia’s InvoCare receives $1.22bn bid from TPG

Australian funeral services provider InvoCare said on Tuesday it received a non-binding takeover offer from U.S. private equity firm TPG Global for $1.22bn, sending its shares 39.1% higher. Shares of InvoCare soared to A$12.450 and were set to post a record jump after...