Morningstar - Automotive Holdings Group Limited (AHG) A.P. Eagers Lobs a Takeover Bid for Automotive Holdings Albeit at a Slim Premium

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Morningstar

Daniel Ragonese

EUR 100.00 For Business Accounts Only

A.P. Eagers Lobs a Takeover Bid for Automotive Holdings Albeit at a Slim Premium

A.P. Eagers, Australiaâ€™s second-largest Australian automotive dealership announced a conditional takeover offer for narrow-moat-rated market leader Automotive Holdings. The deal is structured as an all-scrip offer of one A.P. Eagers share for every 3.8 Automotive Holdings shares owned. This implies a value of AUD 1.92 per Automotive Holdings share (based on A.P Eager closing stock price on April 4, 2019) an 8% premium on the AUD 1.78 per share closing price on the day prior to the announcement o...

05/04/2019 14 EN

Underlying

Automotive Holdings Group Limited

Automotive Holdings Group is an automotive retailing group in Australasia. Co. has two logistics divisions: Automotive, which operates passenger vehicle and truck and bus dealerships in Queensland, New South Wales, Victoria and Western Australia, and passenger vehicle dealerships in Auckland, New Zealand and Refrigerated Logistics, which provides cold storage and transport operations in every Australian mainland state through Rand, Harris, Scott's Refrigerated Freightways and JAT Refrigerated Road Services. As of June 30, 2016, Co.'s automotive segment had 188 motor vehicle franchises at 108 dealership locations operating within Australia and New Zealand.

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AU000000AHG5 Australia

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Daniel Ragonese

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A.P. Eagers Lobs a Takeover Bid for Automotive Holdings Albeit at a Slim Premium

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

With a more favourable environment, AUTOMOTIVE HDG.GP.LTD. improves to Slightly Positive

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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