TI Automotive delays Bain acquisition vote to review Pamplona bid – Bloomberg

TI Automotive has delayed its vote to be acquired by Bain Capital Partners for $2 billion in order to consider a rival offer from Pamplona Capital Management, Bloomberg reported. According to the outlet, Pamplona’s bid is $11.53 a share, which is “about $115 million more than Bain’s.” Headquartered in Auburn Hills, Michigan, TI Automotive is an auto systems fuel maker.