Australia's FleetPartners rises most in over six years after $535 million takeover offer
03/08/2026 01:28
BUZZ-Australia's FleetPartners rises most in over six years after $535 million takeover offer ** Shares of Australia's FleetPartners FPR.AX rise as much as 17% to A$3.310, their biggest intraday pct jump since May 11, 2020
** Stock hits its highest level since November 25, 2024
** FleetPartners, a provider of vehicle leasing, says it received a takeover offer last week from SG Fleet Topco, backed by private equity firm Pacific Equity Partners
** Says the offer price of A$3.60 per share
** Offer values FPR at A$760.3 million ($535.33 million)
** Stock up over 15% this year, including the day's move
($1 = 1.4203 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)