https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02815916-3A644066

Bain making an opportunistic bid at $5.40 (current SP is about mid $4.)

This is a standard Bain takeover....buy when compnay is down, take a razor to it, build it up again and flog off or list and make their money. Altough they appear to be having some issues off loading Virgin Australia.

Obviously Bain sees the potential in BAP.

This is a low ball offer. And they may put in another offer at a later date. I would be really surprised if the Board accepted it.

BAP needs a new senior management team to steady the ship and set a new course.

They have lots of non-discretionary revenue...which could underpin a 2-3 year plan to "make BAP great again".

What do others think?