BUZZ-Australia's SG Fleet hits more than 6-year high on $777 mln buyout offer

Reuters

2024-11-25

BUZZ-Australia's SG Fleet hits more than 6-year high on $777 mln buyout offer

** SG Fleet SGF.AX rises as much as 24.3% to A$3.320, highest since Oct. 28, 2018

** Mobility solutions provider says it is in talks with Pacific Equity Partners about A$1.19 bln ($777 mln) buyout offer

** Private equity firm to pay A$3.50 per share, a 31.1% premium to SGF's last close

** Stock top gainer on ASX All Ordinaries index .AORD; set for best day since November 2015

** SGF up 19.8% so far this year, as of last close

($1 = A$1.5321)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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