Australian buyout firm Pacific Equity Partners (PEP) reportedly faces competition from at least two other businesses for SAI Global after sparking a bidding war with its recent A$1.1bn offer.
The indicative bid from PEP valued risk management specialist SAI at between A$5.10 and A$5.25 per share when it was submitted in May.
At least two mystery companies are now also considering bids according to Reuters, which cited a source working on the sale.
It said that interest could force PEP to raise its bid.
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