SG Fleet (SGF AU): PEP’s A$3.50/Share NBIO

Nov 25, 2024

∙ Paid

SG Fleet (SGF AU), an Aussie provider of fleet leasing services, has announced a A$3.50/share non-binding and indicative proposal from Sydney PE outfit Pacific Equity Partners (PEP).
SGF's board, in consultation with South Africa's Super Group (SPG SJ), its largest shareholder, has granted PEP exclusive due diligence.
A$3.50/Share is a 31% premium to undisturbed. The exclusivity period expires on the 29th November 2024. That short timeframe suggests a firm Offer is imminent.

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