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AUB Group ( (AU:AUB) ) has shared an announcement.
AUB Group Limited has received an unsolicited, non-binding indicative proposal from Arbutus Pte. Limited, affiliated with EQT AB, to acquire 100% of AUB through a scheme of arrangement. The proposal offers AUB shareholders $45.00 cash per share, subject to conditions such as exclusivity and due diligence. The AUB Board has agreed to enter into a confidentiality and exclusivity agreement with EQT to further explore the proposal, although there is no guarantee of a transaction. Shareholders are advised that no action is required at this stage, and further updates will be provided as necessary.
The most recent analyst rating on (AU:AUB) stock is a Buy with a A$36.67 price target. To see the full list of analyst forecasts on AUB Group stock, see the AU:AUB Stock Forecast page.
More about AUB Group
AUB Group Limited (ASX: AUB) is an ASX200 listed company that operates as a group of insurance brokers and underwriting agencies. With approximately 579 locations, the company employs over 6,000 team members who serve around 1,200,000 clients, facilitating the placement of over $11 billion in insurance premiums with both local and foreign insurers.
Average Trading Volume: 289,181
Technical Sentiment Signal: Buy
Current Market Cap: A$3.74B
For detailed information about AUB stock, go to TipRanks’ Stock Analysis page.