Update on non-binding indicative proposal
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| Stock | Steadfast Group Ltd (SDF.ASX) |
|---|---|
| Release Time | 9 Jul 2026, 9:16 a.m. |
| Price Sensitive | Yes |
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Steadfast Group Update on Non-Binding Proposal
Key Points
- Steadfast granted a four-week extension to Consortium for exclusivity
- Proposal remains non-binding and indicative at $6.00 per share
- No guarantee of reaching a binding agreement with the Consortium
Full Summary
Steadfast Group Limited has extended the exclusivity period for the Consortium, comprising Amwins Group, Inc. and Dragoneer Investment Group, LLC, by an additional four weeks. This extension follows the Consortium's re-confirmation of their non-binding, indicative proposal to acquire Steadfast for $6.00 per share. The proposal remains subject to due diligence and no binding agreement has been reached. Steadfast advises shareholders to take no immediate action.
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