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The latest announcement is out from AUB Group ( (AU:AUB) ).
AUB Group Limited has announced an update regarding its ongoing discussions with EQT AB concerning a proposal to acquire 100% of AUB. EQT has received an unsolicited approach from CVC Asia Pacific Limited to form a consortium for the acquisition, maintaining the offer price at A$45.00 per share. The AUB Board has agreed to extend the exclusivity period by two weeks to allow further due diligence and negotiation of transaction documents. However, there is no guarantee that a binding agreement will be reached, and AUB shareholders are not required to take any action at this time.
The most recent analyst rating on (AU:AUB) stock is a Buy with a A$42.17 price target. To see the full list of analyst forecasts on AUB Group stock, see the AU:AUB Stock Forecast page.
More about AUB Group
AUB Group Limited (ASX: AUB) is an ASX200 listed company that comprises insurance brokers and underwriting agencies. It operates in approximately 579 locations and employs over 6,000 team members who work with around 1,200,000 clients to place more than $11 billion in insurance premiums with both local and foreign insurers.
YTD Price Performance: 28.06%
Average Trading Volume: 358,485
Technical Sentiment Signal: Buy
Current Market Cap: A$4.53B
For an in-depth examination of AUB stock, go to TipRanks’ Overview page.