SG Fleet Group Ltd. (AU:SGF) has released an update.
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SG Fleet Group Ltd. has entered into a Scheme Implementation Deed with Pacific Equity Partners, allowing it to be acquired for $3.50 per share, a 31% premium over its recent share price. This transaction, valued at approximately $1.227 billion, is fully funded and awaits regulatory and shareholder approvals. SG Fleet’s board unanimously supports the deal, highlighting its potential to enhance growth and fleet management capabilities.
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