Brief: Steadfast Enters Into Scheme Implementation Deed with KKR, Others
21/08/2026 09:54
BRIEF-Steadfast Enters Into Scheme Implementation Deed with KKR, Others Aug 21 (Reuters) - Steadfast Group Ltd SDF.AX:
ASX ALERT-STEADFAST ENTERS INTO SCHEME IMPLEMENTATION DEED-SDF.AX
BIDDER TO ON-SELL STEADFAST UNDERWRITING AGENCY BUSINESS TO AMWINS
DEAL REPRESENTS 51.9% PREMIUM TO JUNE 9, 2026 UNDISTURBED CLOSING PRICE
DEAL IMPLIES ENTERPRISE VALUE OF ABOUT A$7.7 BILLION FOR STEADFAST
TARGETS SCHEME IMPLEMENTATION IN DECEMBER 2026
UNDER TERMS OF SID, STEADFAST SHAREHOLDERS TO RECEIVE SCHEME CONSIDERATION OF A$6.00 PER SHARE IN CASH
BOARD UNANIMOUSLY RECOMMENDS THAT STEADFAST SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
FY26 ORDINARY FINAL DIVIDEND AND SPECIAL DIVIDEND PRIOR TO SCHEME AGGREGATE A$0.20 PER SDF SHARE
Further company coverage: SDF.AX
((Reuters.Briefs@thomsonreuters.com;))
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