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SG Fleet Group Ltd. ( (AU:SGF) ) has provided an announcement.
SG Fleet Group Limited has announced a second court hearing to approve a proposed scheme of arrangement, under which Westmann Bidco Pty Limited will acquire all shares in SG Fleet. The Supreme Court of New South Wales has ordered SG Fleet to convene meetings for shareholders to vote on this scheme. The SG Fleet Board unanimously recommends shareholders vote in favor of the scheme, barring any superior proposals. The court hearing for final approval is scheduled for April 15, 2025, and shareholders have the right to oppose the scheme by filing a notice of appearance.
More about SG Fleet Group Ltd.
SG Fleet Group Limited is a company operating in the fleet management and leasing industry, providing vehicle leasing and management services. It focuses on offering tailored solutions to businesses and government organizations, enhancing their fleet operations and efficiency.
YTD Price Performance: 1.76%
Average Trading Volume: 376,117
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.19B
For a thorough assessment of SGF stock, go to TipRanks’ Stock Analysis page.