SAI Global discloses more suitors
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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.
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