<p> Lion’s offer, which is likely to place an enterprise value of $1.94 billion or more on the business, was designed to head off rivals Bain Capital, and LBO France, who were also working on binding bids for the company, the people added.<br /><br />BC and Lion declined to comment. The offer comes a week after Lion lost out in the race to acquire Unilever Plc / NV’s Italian frozen-foods unit, Findus Italy.</p>
<p> Lion’s offer, which is likely to place an enterprise value of $1.94 billion or more on the business, was designed to head off rivals Bain Capital, and LBO France, who were also working on binding bids for the company, the people added.<br /><br />BC and Lion declined to comment. The offer comes a week after Lion lost out in the race to acquire Unilever Plc / NV’s Italian frozen-foods unit, Findus Italy.</p>