SAI Global discloses more suitors

Following PEP takeover bid, other parties express interest in risk management firm.

SAI Global (SAI) says it has been approached by a number of parties expressing interest in its business and will review its options, following a takeover offer from Pacific Equity Partners.

SAI said it is establishing a virtual data room that will be available for all parties selected to participate, based on their credentials.

The board is open to engaging with PEP to see if a binding proposal can be put to shareholders, with the board's recommendation, but said there is no guarantee a proposal will eventuate from any suitor.

SAI Global said its management is continuing to improve operational efficiencies.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles