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SG Fleet Group Ltd. ( (AU:SGF) ) just unveiled an update.
SG Fleet Group Limited has confirmed that the Supreme Court of New South Wales has approved a scheme of arrangement, allowing Westmann Bidco Pty Limited to acquire all SG Fleet shares. As a result, trading of SG Fleet shares on the ASX will be suspended, with shareholders expected to receive their scheme consideration on April 30, 2025. This acquisition marks a significant transition for SG Fleet, as shareholders will receive either cash or shares in the acquiring company, depending on their election.
More about SG Fleet Group Ltd.
SG Fleet Group Limited operates in the fleet management and leasing industry, providing vehicle leasing and management services. The company focuses on delivering comprehensive fleet solutions to businesses and government entities.
YTD Price Performance: 2.05%
Average Trading Volume: 404,709
Technical Sentiment Signal: Sell
Current Market Cap: A$1.19B
Find detailed analytics on SGF stock on TipRanks’ Stock Analysis page.
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