SG Fleet Receives $780 Million Private-Equity Takeover Proposal

SG Fleet Agrees to Pacific Equity Partners’ Takeover Proposal #

SG Fleet opened its books to a private-equity firm that proposed a takeover valuing the vehicle leasing and management provider’s equity at about 1.2 billion Australian dollars, equivalent to US$780.1 million.

The proposal offered A$3.50 a share, representing a 31% premium over the stock’s last closing price. This move suggests significant confidence in the company’s future growth potential. The transaction is set to undergo rigorous review processes to ensure alignment with shareholder interests, with SG Fleet’s management team closely involved in evaluating the offer.