Energy One Limited

ASX:EOL

Energy One Limited

ASX:EOL
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$5.51 (-5.7%)
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Energy One receives proposal and grants due diligence on an exclusive basis


  • $5.85 cash per share.
  • Bidder granted exclusivity due diligence


From the release:

Energy One Limited (“Energy One” or “the Company”) today announces that it has received a confidential, indicative, incomplete, conditional and non-binding proposal (the “Indicative Proposal”) from a global investment firm, STG. STG has nearly US$10 billion of assets under management and a portfolio that includes software and software-enabled services companies. The Indicative Proposal is to acquire all of the issued shares in Energy One at an indicative price of A$5.85 cash per share by way of a scheme of arrangement (“Potential Transaction"). Energy One has also entered into an exclusivity deed granting STG with an expedited period of exclusivity to allow STG to complete confirmatory due diligence.