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Steadfast Group Limited (ASX:SDF)

ALERT: Price-sensitive ASX Announcement for SDF
Current share price for SDF : $5.585 0.265 (4.98%)+
Announcement
Release
17 Aug 2026 8:35AM
Price at Release
$5.320
Full Release
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Summary
Steadfast Group Limited provided an update on the ongoing consortium proposal involving their potential acquisition by a consortium including Amwins Group, Dragoneer Investment Group, and Kohlberg Kravis Roberts & Co. (KKR). The proposal involves acquiring 100% of Steadfast’s outstanding shares at $6.00 per share, less any dividends. The consortium has confirmed that due diligence is nearly complete and key terms of the draft Scheme Implementation Deed are largely agreed upon. The exclusivity period for finalizing transaction documentation, due diligence, and approvals has been extended to 21 August 2026. However, the Steadfast board has stated there is no guarantee that a binding agreement will be reached, and shareholders are advised not to take any action currently. Further updates will be provided as appropriate.
Key Points
  • Consortium includes KKR, Dragoneer, and Amwins Group
  • Proposal to acquire Steadfast at $6.00 per share
  • Due diligence in final stages
  • Exclusivity period extended to 21 August 2026
  • No guarantee of binding agreement
  • Shareholders advised not to take action yet
  • Further updates to be provided as needed
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.