FleetPartners Group Receives Non-Binding, Conditional Offer From SG Fleet

MT Newswires Live

Aug 03

FleetPartners Group (ASX:FPR) received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire all of the outstanding shares in the company through a scheme of arrangement at AU$3.60 apiece, according to a Monday filing with the Australian bourse.

The proposal is subject to the completion of due diligence, entry into a scheme implementation agreement, and regulatory approvals, among other conditions.

The board is reviewing the proposal and advised shareholders that no action is needed right now, the filing said.

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