PEP lobs takeover bid for SAI Global

Takeover bid values target at as much as $1.106bn, board terminates CEO Stephen Porges.

Pacific Equity Partners has lobbed an unsolicited, conditional takeover bid for SAI Global (SAI) that values the company in a range between $1.075 billion and $1.106bn.

The suitor is recommending the deal be completed through a scheme of arrangement in a the range of $5.10 to $5.25. 

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