Steadfast Group Ltd Announces Consortium Proposal Update
Key points
- Steadfast Group Ltd confirms consortium's intent to proceed with acquisition proposal
- Consortium has completed substantial due diligence
- Exclusivity period extended until 19 August 2026
- No binding agreement guaranteed
Full summary
Steadfast Group Limited (ASX:SDF) has provided an update on the proposal from the Consortium, consisting of Amwins Group, Inc., Dragoneer Investment Group, LLC, and KKR, to acquire 100% of its outstanding share capital. The Consortium has reconfirmed its intention to proceed with the proposal at $6.00 cash per share. Steadfast understands that the due diligence investigations have been substantially completed, and the Consortium remains committed to finalizing the necessary internal approvals. The exclusivity period has been extended to 19 August 2026 to allow for the completion of transaction documentation and due diligence. The Steadfast Board emphasizes that there is no guarantee of reaching a binding agreement with the Consortium.
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