SGF 1.85% $3.31 sg fleet group limited

News: SGF Eclipx Group Rejects Proposal From SG Fleet To Acquire All Co's Shares

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    Aug 20 (Reuters) - Eclipx Group Ltd (ECX) :

    • ECLIPX GROUP REJECTS PROPOSAL FROM SG FLEET,SGF-ECX.AX
    • RECEIVED NON-BINDING & INDICATIVE PROPOSAL FROM SG FLEET ON AUGUST 19 TO ACQUIRE ALL CO'S SHARES VIA SCHEME OF ARRANGEMENT
    • PROPOSAL IS HIGHLY CONDITIONAL AND INCLUDES SIGNIFICANT COMMERCIAL, DUE DILIGENCE AND FINANCING CONDITIONS
    • PROPOSED CONSIDERATION OF $2.00 CASH AND 0.15 SG FLEET SHARES PER ECLIPX SHARE
    • ECLIPX BOARD HAS THEREFORE REJECTED SG FLEET PROPOSAL
    • INTENDS TO RETAIN UBS AG AND HERBERT SMITH FREEHILLS TO ADVISE IN THE MATTER
 
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