Update on Wakeling Automotive Acquisition
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| Stock | Peter Warren Automotive Holdings Ltd (PWR.ASX) |
|---|---|
| Release Time | 2 Jul 2026, 9:25 a.m. |
| Price Sensitive | Yes |
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Peter Warren Automotive Holdings Updates Wakeling Acquisition
Key Points
- Acquisition subject to ACCC approval
- Sunset date extended to 2 July 2026
- Vendors agreed to resubmit new ACCC application
- Sunset date not extended further
Full Summary
Peter Warren Automotive Holdings Limited (ASX: PWR) has provided an update on its proposed acquisition of Wakeling Automotive. The transaction, governed by interdependent agreements, is subject to ACCC approval and other conditions. The original Sunset Date of 2 May 2026 was extended to 2 July 2026 to allow for the ACCC's Phase 1 review. Discussions with Wakeling Automotive vendors led to the withdrawal of the initial ACCC application and a new Phase 1 application. However, the vendors have decided not to extend the Sunset Date further.
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