FleetPartners Group Receives Three Revised Acquisition Proposals
MT Newswires Live
Sep 14
FleetPartners Group (ASX:FPR) said it received three revised acquisition proposals, including a AU$4.55 per share offer from SG Fleet Topco, AU$4.65 per share from Orix, and AU$4.65 per share from the Sumitomo consortium, according to a Monday filing with the Australian bourse.
Element Fleet Management, which was also granted limited access to due diligence, decided against submitting a revised proposal, per the filing.
FleetPartners said it has now granted further due diligence access to the three parties that expressed continued interest, but cautioned that there is no certainty of any binding offers.
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