InvestSMART

Peter Warren Automotive Holdings Limited (ASX:PWR)

ALERT: Price-sensitive ASX Announcement for PWR
Current share price for PWR : $0.715 -0.255 (-26.29%)+
Announcement
Release
19 Aug 2026 6:26PM
Price at Release
$0.970
Full Release
download
Summary
Peter Warren Automotive Holdings Limited provided an update on its proposed acquisition of Wakeling Automotive, detailing that the transaction is governed by both a share purchase agreement and a business purchase agreement. The Australian Competition and Consumer Commission has extended the Phase 1 review deadline to 4 September 2026, which led to an extension of the sunset date for the transaction documents to 21 September 2026. Peter Warren Automotive, a longstanding dealership group operating over 80 franchises across various segments, continues to work on the transaction and will provide further updates as appropriate.
Key Points
  • Peter Warren Automotive Holdings Limited announced an update on the acquisition of Wakeling Automotive.
  • The transaction involves a share purchase agreement and a business purchase agreement, which are interdependent.
  • The Australian Competition and Consumer Commission (ACCC) extended the Phase 1 review deadline for the acquisition to 4 September 2026.
  • The sunset date for the transaction documents was extended to 21 September 2026.
  • Peter Warren Automotive operates over 80 franchise operations and represents more than 30 OEMs across various segments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.