Australia's Citadel gets $326m bid from PE firm Pacific Equity, shares surge

Australia's Citadel gets $326m bid from PE firm Pacific Equity, shares surge

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Shares of Australian software company Citadel Group Ltd surged on Monday after an entity owned by the country’s biggest private equity firm Pacific Equity Partners (PEP) proposed to buy it for A$448.6 million ($326.49 million).

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