20 stories mentioning ASX:FPRUpdated 7h ago
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FleetPartners Group (ASX:FPR) received notice that Perpetual (ASX:PPT) and its affiliates are no longer substantial holders of the company from Monday, according to an Australian bourse filing on Wednesday after market hours.Perpetual and its affiliates became a substantial holder of the company on Feb. 28, 2025, with a total voting power of 5.019%, an earlier filing showed.
FleetPartners Group (ASX:FPR) said the Supreme Court of Victoria has approved a AU$27 million settlement resolving a shareholder class action filed against the company in November 2023, according to an Australian bourse filing on Tuesday after market hours.The settlement will be fully covered by available insurance proceeds and was reached without the company admitting any liability, the filing said.
Australian shares were flat on Monday, as spiking oil prices stoked inflation fears.The S&P/ASX 200 Index was little changed to close at 8,749.90.Brent crude oil futures rose again to trade over $107 per barrel, amid fresh strikes on Saudi Arabia and on ships in the Persian Gulf, which came after a key Saudi oil pipeline was attacked.On the domestic front, Australia's consumer price index (CPI) is expected to rise 0.4% in August from the previous month, which would increase the annual pace of inflation to 4% from 3.5% in July, Westpac said.In company news, FleetPartners Group (ASX:FPR) said it received three revised acquisition proposals, including a AU$4.55 per share offer from SG Fleet Topco, AU$4.65 per share from Orix, and AU$4.65 per share from the Sumitomo consortium.HealthCo Healthcare and Wellness REIT (ASX:HCW) said the requisite support has been obtained from Healthscope's lenders for the transfer of 10 Healthscope hospitals owned by the company and the Unlisted Healthcare Fund to alternative hospital operators.Lastly, Cleanaway Waste Management (ASX:CWY) said EQT Infrastructure remains committed to pursuing its proposed acquisition of 100% of the company's shares at no less than the indicative offer price following its due diligence review.
(Updates with the stock movement in the headline and last paragraph.)FleetPartners Group (ASX:FPR) said it received three revised acquisition proposals, including a AU$4.55 per share offer from SG Fleet Topco, AU$4.65 per share from Orix, and AU$4.65 per share from the Sumitomo consortium, according to a Monday filing with the Australian bourse.Element Fleet Management, which was also granted limited access to due diligence, decided against submitting a revised proposal, per the filing.FleetPartners said it has now granted further due diligence access to the three parties that expressed continued interest, but cautioned that there is no certainty of any binding offers.The company's shares surged 11% in recent Monday trade and earlier hit an all-time high.
Australian shares are poised to rise on Monday, tracking higher oil prices as fresh Houthi and Iranian attacks add to supply concerns following the closure of Saudi Arabia's key East-West oil pipeline, which threatens to disrupt up to 4% of global oil supply.On Sept. 11, the Nasdaq Composite and the Dow Jones Industrial Average each rose nearly 1%, while the S&P 500 gained 0.9%.In the macroeconomy, investors are eyeing Reserve Bank of Australia Assistant Governor Sarah Hunter's speech today.In corporate news, FleetPartners Group (ASX:FPR) said it received three revised acquisition proposals, including a AU$4.55-per-share offer from SG Fleet Topco, AU$4.65-per-share proposal from Orix, and AU$4.65-per-share bid from the Sumitomo consortium.Meanwhile, REA Group (ASX:REA) reached a court-enforceable agreement with the Australian Competition and Consumer Commission to resolve the regulator's concerns related to some of the company's subscription offerings.Australia's benchmark index fell 0.9%, or 78.2 points, to close at 8,741.20 on Sept. 11.
FleetPartners Group (ASX:FPR) said it received three revised acquisition proposals, including a AU$4.55 per share offer from SG Fleet Topco, AU$4.65 per share from Orix, and AU$4.65 per share from the Sumitomo consortium, according to a Monday filing with the Australian bourse.Element Fleet Management, which was also granted limited access to due diligence, decided against submitting a revised proposal, per the filing.FleetPartners said it has now granted further due diligence access to the three parties that expressed continued interest, but cautioned that there is no certainty of any binding offers.
FleetPartners Group (ASX:FPR) received a non-binding proposal from a consortium comprising Sumitomo Corp. and Sumitomo Mitsui Auto Service to acquire the company for AU$3.85 per share in cash, according to a Wednesday filing with the Australian bourse.The latest offer follows earlier acquisition proposals from SG Fleet Topco, Element Fleet Management, and Orix.FleetPartners said it is ready to provide the Sumitomo consortium access to initial limited commercial and financial due diligence, as it has done with the earlier proposals.There is no certainty that any of the proposals will result in a binding offer, the company said.Its shares fell 1% in recent Wednesday trade.
FleetPartners Group (ASX:FPR) decided to provide SG Fleet Topco, Element Fleet Management, and Orix with initial limited commercial and financial due diligence access following their conditional bids to acquire all of the outstanding shares in the company through a scheme of arrangement, according to a Thursday filing with the Australian bourse.The board will continue to assess the bidders and any other parties in relation to proposals or alternatives that may emerge and which it determines may be in the best interests of shareholders, the filing said.Shareholders do not need to take any action at this time, per the filing.
FleetPartners Group (ASX:FPR) rejected Element Fleet Management's request for exclusivity linked to a conditional takeover proposal, according to a Wednesday filing with the Australian bourse.Element Fleet Management proposed to acquire all of the outstanding shares in the company through a scheme of arrangement for AU$3.80 apiece, potentially up to to AU$4 apiece if the company signs a process deed including a three-week exclusivity period by Aug. 11, the filing said.The company also received a revised non-binding takeover proposal from SG Fleet Topco for an increased all-cash price of AU$4 per share.Additionally, the company received a non-binding, conditional takeover bid for AU$3.80 per share through a scheme of arrangement from Orix, per the filing.
Australian shares fell slightly at market close on Monday as uncertainty around the resolution of the conflict in the Middle East continued to weigh on investor confidence.The S&P/ASX 200 Index closed 0.33% lower, or by 31 points, at 9,232.60.Overnight on Aug. 7, the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average rose 1.3%, 0.6%, and 0.3%, respectively.Brent crude futures rose nearly 1% to around $84 per barrel. Iran said it is negotiating a deal with Oman on shipping through the Strait of Hormuz but reiterated that the US would have to meet its other conditions.In company news, Westpac Banking (ASX:WBC, NZE:WBC) logged AU$1.8 billion in net profit excluding notable items for the fiscal third quarter. In the same period a year ago, net profit excluding notable items was AU$1.9 billion. For the three months ended June 30, net operating income was AU$5.7 billion, unchanged from a year earlier. Its shares fell over 5% on market close.FleetPartners Group (ASX:FPR) said it received an indicative, non-binding and conditional offer after market close on Aug. 7 from Element Fleet Management to acquire all of the outstanding shares in FleetPartners via a scheme of arrangement at an indicative cash consideration of AU$3.80 apiece.CAR Group (ASX:CAR) logged AU$1.076 in adjusted EPS for fiscal year 2026, compared with AU$0.998 a year ago. For the 12 months ended June 30, revenue was AU$1.25 billion versus AU$1.18 billion previously.
(Updates with the stock movement in the headline and last paragraph.)FleetPartners Group (ASX:FPR) said it received an indicative, non-binding and conditional offer after market close on Aug. 7 from Element Fleet Management to acquire all of the outstanding shares in FleetPartners via a scheme of arrangement at an indicative cash consideration of AU$3.80 apiece, according to a Monday Australian bourse filing.Element also proposed to increase the cash consideration to AU$4 per share if FleetPartners enters into a process deed in a form acceptable to Element, including a three-week exclusivity period, by Aug. 11.The FleetPartners board, together with its advisers, is considering and evaluating Element's offer, the company said. The company had earlier received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire the company through a scheme of arrangement at AU$3.60 per share.Element's offer is subject to a number of conditions, including satisfactory completion of due diligence, the accuracy of certain financial and operational assumptions, and required regulatory approvals.FleetPartners shares jumped 12% in recent Monday trade.
FleetPartners Group (ASX:FPR) said it received an indicative, non-binding and conditional offer after market close on Aug. 7 from Element Fleet Management to acquire all of the outstanding shares in FleetPartners via a scheme of arrangement at an indicative cash consideration of AU$3.80 apiece, according to a Monday Australian bourse filing.Element also proposed to increase the cash consideration to AU$4 per share if FleetPartners enters into a process deed in a form acceptable to Element, including a three-week exclusivity period, by Aug. 11.The FleetPartners board, together with its advisers, is considering and evaluating Element's offer, the company said. The company had earlier received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire the company through a scheme of arrangement at AU$3.60 per share.Element's offer is subject to a number of conditions, including satisfactory completion of due diligence, the accuracy of certain financial and operational assumptions, and required regulatory approvals.
Australian shares rose on Monday, as investors reacted to optimism regarding the potential resolution of the conflict in the Middle East.The S&P/ASX 200 Index gained 0.47%, or 42.50 points, to close at 9,019.30.Brent crude oil futures fell to trade around $83 per barrel. Earlier, US President Donald Trump had said he cancelled strikes on Iran after Iran and other Middle Eastern countries had asked for time to complete a peace deal.On Friday, the Nasdaq Composite rallied 1% on the back of strong earnings from tech giants, while the S&P 500 and the Dow Jones Industrial Average rose 0.7% and 0.5%, respectively.On the domestic front, Australia's home value index declined 0.7% in July, representing the largest drop since December 2022, as the country's housing market downturn expanded to hit more regions, Cotality said.The Australian manufacturing sector recorded modest returns to growth in July, with production and new orders increasing for the first time in six months and employment rising at the sharpest rate since January. The headline seasonally adjusted S&P Global Australia Manufacturing Purchasing Managers' Index rose to 52 in July from 51.5 in June.In company news, FleetPartners Group (ASX:FPR) received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire all of the outstanding shares in the company through a scheme of arrangement at AU$3.60 apiece. The company's shares earlier rose over 16% to their highest since August 2024.Westpac Banking (ASX:WBC, NZE:WBC) completed the sale of the RAMS home loan portfolio, around AU$15.4 billion at completion, to a consortium consisting of Pepper Money (ASX:PPM), credit funds and accounts managed by KKR, and PIMCO managed funds.Lastly, Steadfast Group (ASX:SDF) said a consortium comprised of Amwins Group, Dragoneer Investment Group, and KKR reconfirmed its intention to proceed with a proposal to acquire the company at AU$6 per share in cash.
(Updates to add share movement in the last paragraph and the headline)FleetPartners Group (ASX:FPR) received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire all of the outstanding shares in the company through a scheme of arrangement at AU$3.60 apiece, according to a Monday filing with the Australian bourse.The proposal is subject to the completion of due diligence, entry into a scheme implementation agreement, and regulatory approvals, among other conditions.The board is reviewing the proposal and advised shareholders that no action is needed right now, the filing said.The company's shares rose 16% to their highest since August 2024 in recent Monday trade.
FleetPartners Group (ASX:FPR) received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire all of the outstanding shares in the company through a scheme of arrangement at AU$3.60 apiece, according to a Monday filing with the Australian bourse.The proposal is subject to the completion of due diligence, entry into a scheme implementation agreement, and regulatory approvals, among other conditions.The board is reviewing the proposal and advised shareholders that no action is needed right now, the filing said.
FleetPartners Group (ASX:FPR) completed its tenth Australian asset-backed securitization (ABS), AU$400 million FP Turbo Series 2026-1 Trust, according to a Wednesday filing with the Australian bourse.The transaction was priced on July 2 and settled on July 15, the filing said.The company issued a green ABS tranche as part of the transaction, exclusively funding leases for electric vehicles, per the filing.
FleetPartners Group (ASX:FPR) upgraded its fiscal 2026 new business written guidance to high single-digit growth from a previous expectation for marginal growth, according to a Monday filing with the Australian bourse.The company said it posted 8% growth in new business written in the year through its fiscal third quarter from the same period a year earlier.Meanwhile, assets under management or financed are on track for mid single-digit growth in fiscal 2026, while its core margin is expected to be largely stable, per the filing.FleetPartners said its end of lease income was impacted by lower disposal units in the fiscal third quarter, but is anticipated to improve in the fiscal fourth quarter albeit remaining below levels seen in the first and second fiscal quarters.The company also expects unit sales volumes to rise in the fiscal fourth quarter "as the market emerges from the traditional winter seasonal slowdown."FleetPartners Group's shares gained about 3% in recent Monday trade.
FleetPartners Group (ASX:FPR) reached an in-principle agreement to settle shareholder class action proceedings in the Victorian Supreme Court for AU$27 million, according to a Friday filing with the Australian bourse.The proceedings were initiated on behalf of shareholders who acquired an interest in shares in the company, then known as Eclipx Group, between Nov. 8, 2017, and March 20, 2019, and relate to the company's disclosures and guidance provided between fiscal 2017 and 2019, the filing said.
FleetPartners Group (ASX:FPR) reported Thursday fiscal first-half adjusted earnings of AU$0.185 per share, up from AU$0.17 a year earlier.Analysts polled by FactSet expected earnings of AU$0.17.Revenue from continuing operations for the six months ended March 31 was AU$392.5 million, compared with AU$377 million a year earlier. Analysts surveyed by FactSet expected AU$271.2 million.The company expects operating expenses to be between AU$98.5 million and AU$99.5 million in fiscal 2026.The board declared an interim dividend of AU$0.119 per share, payable June 1 to shareholders on record as of May 15.
FleetPartners Group (ASX:FPR) updated its dividend outlook after completing its fiscal 2025 tax return, now expecting future dividends, including any first-half interim payout, to be fully franked ahead of its earlier September timeline, according to a Friday Australian bourse filing.The company also confirmed it will release its fiscal first-half financial results to the Australian Securities Exchange on May 7, the filing added.
