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Japan’s Orix bankers up to join FleetPartners M&A battle
PEP’s SG Fleet is the auction’s front-runner with a $4 per share bid that values FleetPartners at about $860 million, followed by Element and Orix at $3.80 each.
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afr.com
Timeline cronologica
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PEP lines up $600m-plus in debt as FleetPartners M&A battle heats up
Element’s emergence in the auction leaves rival suitors with less than eight hours to make their next move – and puts FleetPartners’ board in a tricky position.
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Pacific Equity Partners bumps FleetPartners bid to $4 per share
Pacific Equity Partners’ SG Fleet has increased its bid for ASX-listed vehicle leasing rival FleetPartners to $4 a share, matching its Canadian rival bidder.
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Japan’s Orix bankers up to join FleetPartners M&A battle
PEP’s SG Fleet is the auction’s front-runner with a $4 per share bid that values FleetPartners at about $860 million, followed by Element and Orix at $3.80 each.