Veda Advantage Gets Buyout Offer

Pacific Equity Partners and Merrill Lynch Global Private Equity have offered to acquire Veda Advantage Ltd. (f.k.a. Baycorp Advantage), a listed credit-checking giant in < ?XML:NAMESPACE PREFIX = ST1 />Australia and New Zealand. The offer is Au$3.61 per share, which would value Veda at approximately Au$823 million.