Consortium Reaffirms A$7.7 Billion Bid for Steadfast; Exclusivity Period Extended by Four Weeks
A U.S.-led consortium comprising Amwins Group and Dragoneer Investment has reconfirmed a takeover proposal for Australia’s Steadfast at A$6 per share, valuing the insurance broker at an enterprise value of A$7.7 billion. The move prompted a four-week extension of the exclusivity period. The offer, a third and highest approach after two earlier bids…