SG Fleet Group Limited (ASX:SGF) Receives OIO Approval for Acquisition
OIO Approval Granted
SG Fleet Group Limited (ASX:SGF) announced it has received written consent from the Overseas Investment Office (OIO) for Bidco Pty Limited’s acquisition of all its shares. The approval satisfies the OIO condition precedent to the scheme of arrangement.
Scheme Approval Pending
The acquisition scheme is now subject to approval by SG Fleet shareholders at the upcoming meetings on 8 April 2025, as well as court approval and other conditions outlined in the Scheme Booklet.
Board Recommendation
The SG Fleet Directors unanimously recommend shareholders vote in favour of the scheme, provided there is no superior proposal and the Independent Expert confirms it is in the shareholders’ best interests.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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