(Reuters) -Domino's Pizza Enterprises on Tuesday denied receiving a takeover proposal from Bain Capital after a report said the private equity firm was looking at buying the whole or part of the Australian franchise operator. The Australian Financial Review said a potential deal could be worth up to A$4 billion ($2.60 billion), citing people familiar with the matter. The Australian pizza chain operator had a market value of A$1.46 billion, as of Monday's close, as per LSEG data. Bain Capital did not immediately respond to a Reuters' request for comment. Shares of Domino's Pizza Enterprises surged 23% to A$19.00 a piece in early trade before trading was halted. After the franchise reporter denied the media report, shares gave up those early gains to trade only 3.7% higher at A$16.02. Domino's Pizza Enterprises runs the largest master franchise of the U.S.-based Domino's Pizza in 12 countries across Asia, Europe, and Australia and New Zealand. ($1 = 1.5389 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; Editing by Subhranshu Sahu) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
