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    EFN — Element Fleet Management News Story

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    Brief: FleetPartners Group Unanimously Determines To Reject SG Fleet Proposal

    Picture of Element Fleet Management logoElement Fleet Management
    10/08/2026 02:49
    BRIEF-FleetPartners Group Unanimously Determines To Reject SG Fleet Proposal
    Aug 10 (Reuters) - FleetPartners Group Limited FPR.AX:
    • RESPONSE TO SG FLEET NBIO AND RECEIPT OF NBIO FROM ELEMENT
    • FLEETPARTNERS BOARD HAS UNANIMOUSLY DETERMINED TO REJECT SG FLEET PROPOSAL
    • BELIEVES COMPANY'S LONG-TERM VALUE AND PROSPECTS ARE NOT ADEQUATELY REFLECTED IN SG FLEET PROPOSAL.
    • BOARD CONSIDERING ELEMENT PROPOSAL
    • ELEMENT MAY INCREASE OFFER TO A$4.00 PER SHARE WITH 3-WEEK EXCLUSIVITY
    • ELEMENT FLEET MANAGEMENT PROPOSES TO BUY FLEETPARTNERS FOR A$3.80 PER SHARE
    Further company coverage: FPR.AX

     ((Reuters.Briefs@thomsonreuters.com;))

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