Australia's SG Fleet hits more than 6-year high on $777 mln buyout offer

SG Fleet

25/11/2024 24:22

** SG Fleet  SGF.AX  rises as much as 24.3% to A$3.320,
highest since Oct. 28, 2018
    ** Mobility solutions provider says it is in talks with
Pacific Equity Partners about A$1.19 bln ($777 mln) buyout offer
    ** Private equity firm to pay A$3.50 per share, a 31.1%
premium to SGF's last close
    ** Stock top gainer on ASX All Ordinaries index  .AORD ; set
for best day since November 2015
    ** SGF up 19.8% so far this year, as of last close

($1 = A$1.5321)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))