SG Fleet Extends Exclusivity Period with Takeover Suitor Pacific Equity Partners; Shares Hit Six-Year High

MT Newswires Live

2024/11/29

SG Fleet Group (ASX:SGF) agreed to extend by one week the period of exclusivity granted to Pacific Equity Partners relating to the indicative proposal of the latter, according to a Friday filing with the Australian bourse.

The extension will enable both companies to finalize the terms of a scheme implementation deed, the filing said.

There is no certainty that the proposal will result in a transaction, per the filing.

SG Fleet Group's shares rose past 3% in recent Friday trade and earlier hit their highest level since October 2018.

Price (AUD): $3.36, Change: $+0.11, Percent Change: +3.38%

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