Taking Stock 

AA confirms private equity approaches

Mark Robinson

AA confirms private equity approaches

Shares in AA (AA.) were aloft on news that the roadside assistance provider has received takeover approaches from three parties: Platinum Equity Advisors, Warburg Pincus International, and a potential joint bid from Centerbridge Partners Europe and TowerBrook Capital Partners. Takeover arbitrage might be coming back into fashion, but do not bank on a bidding war - it is a buyer's market.

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