On the 21st August, Steadfast (SDF AU) announced Amwins/Dragoneer/KKR had firmed their $6/share Scheme bid.
The board is unanimous. The cash consideration included the FY26 A$0.1275/share dividend (3rd Sept record date), therefore the Scheme consideration is A$5.8725/share.
The Scheme Booklet is now out, with a 27th November Scheme Meeting, and expected implementation on the 22nd December. The IE (Kroll) concluded “fair and reasonable”.
The Trade:
Clean deal.
1%/6.8% gross/annualised spread says it all.
If not in, I’d be looking elsewhere.