SG Fleet Group (ASX:SGF) confirmed it has satisfied the relevant consent contracts condition for its proposed acquisition by Westmann Bidco, following the receipt of necessary consents, approvals, amendments, exemptions, and waivers from all relevant counterparties, according to a Thursday filing with the Australian bourse.
The board continues to recommend that shareholders vote in favor of the proposed acquisition, subject to the absence of a superior proposal and an independent expert's conclusion that it is in the best interests of shareholders, the filing said.
The deal is still subject to shareholder and court approvals, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.