Announced
Financials
Sources
Tags
Public
fleet management
Pending
Australia
Friendly
vehicle rental
Acquisition
automobile financing
Leasing
Single Bidder
Synopsis
Australian administrative services provider McMillan Shakespeare Ltd will buy Eclipx Group Ltd for an implied value of AUD911m ($661.9m). Each Eclipx share will fetch 0.1414 McMillan share as well as AUD0.46, McMillan said, valuing the share at A$2.85, based on the stocks’ closing price. This represents a premium of about 24% to Eclipx’ closing price. MMS Chairman Tim Poole commented “We are delighted to announce the Merger of two industry leading businesses to create a unique, diversified and best-in-class platform. We are confident in the strategic and financial logic of this combination and look forward to partnering with the highly skilled Eclipx team."
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.