Australia's FleetPartners hits record high as bidders sweeten takeover offers
14/09/2026 01:20
Australia's FleetPartners hits record high as bidders sweeten takeover offers Sept 14 (Reuters) - Australia's FleetPartners FPR.AX said on Monday that it had received revised offers from the three active bidders, SG Fleet, Japan's ORIX 8591.T and Sumitomo Corp 8053.T, sending the vehicle leasing firm's shares to a record high.
SG Fleet has increased its offer to A$4.55 per share, while ORIX and Sumitomo have raised their individual offers to A$4.65 ($3.32).
FleetPartners' stock jumped nearly 12% to a record high of A$4.6 in early trading.
($1 = 1.3988 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru; Editing by Rashmi Aich)
Recent news on SUMITOMO
See all newsAustralia's Tivan gains on advancement of joint venture for tungsten project
Brief: Tivan Advances Towards Binding Joint Venture For Molyhil Tungsten Project
Australia's FleetPartners set for best week in more than a month on sweetened offers
Brief: Sumitomo Corp Sold Part Of Stake In Gas-Fired Power Generation Business In Thailand To Shikoku Electric Power
Australia's FleetPartners hits record high on receiving sweetened buyout bids