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via smallcaps.com.auCapital Markets

FleetPartners is target of $1.1b cash takeover bid by SG Fleet Management

FROM THE WIRE · SMALLCAPS.COM.AU

FleetPartners agrees to SG Fleet’s $1.131b cash takeover at $5.30 a share, an 87.3% premium, pending shareholder, court and regulatory approval.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA cash takeover with a high premium makes the target stock sensitive to the outcome of required approvals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01FleetPartners agrees to SG Fleet's $1.131 billion cash takeover.
  2. 02The price is $5.30 per share, an 87.3% premium.
  3. 03The deal is pending shareholder, court and regulatory approval.

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