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Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

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<p>This morning (26 September 2016), SAI Global ("ASX:SAI") and Baring Asia Private Equity entered into a Scheme Implementation Deed (<a href="http://www.asx.com.au/asxpdf/20160926/pdf/43bg11g7hwzsmn.pdf" target="_blank">link</a>)</p><ul>
<li>Cash offer of AUD 4.75 (not yet declared final, no dividends)</li>
<li>Target - SAI Global; implied market capitalization of AUD 1,079m based on offer price</li>
<li>Acquirer - Baring Asia Private Equity </li>
<li>Financial Advisor to SAI - Credit Suisse</li>
<li>No shop, no talk</li>
<li>SAI Directors unanimously recommend that SAI shareholders vote in favour of the scheme</li>
<li>Break fee of 1% of the equity value…</li>
</ul>

This morning (26 September 2016), SAI Global ("ASX:SAI") and Baring Asia Private Equity entered into a Scheme Implementation Deed (link)
Cash offer of AUD 4.75 (not yet declared final, no dividends)
Target - SAI Global; implied market capitalization of AUD 1,079m based on offer price
Acquirer - Baring Asia Private Equity 
Financial Advisor to SAI - Credit Suisse
No shop, no talk
SAI Directors unanimously recommend that SAI shareholders vote in favour of the scheme
Break fee of 1% of the equity value…


SAI Global Ltd

SAI Global: Baring The Right Offer?