Head Office
Level 37, 680 George Street Sydney NSW 2000 Australia www.saiglobal.com
SAI Global Limited
ABN 67 050 611 642
MEDIA & ASX ANNOUNCEMENT 29 August 2014 Final Bids in SAI Global Process Due 12 September
Sydney, Australia, 29 August 2014
SAI Global Limited (ASX:SAI)
Following the receipt of an unsolicited, indicative, conditional and non-binding proposal from Pacific Equity Partners in May 2014 and subsequent interest from a range of other potential acquirers, SAI commenced a formal Process to review its strategic options.
The schedule for the Process has been designed and managed to serve the best interests of shareholders, while also allowing management to maintain focus on operations.
Through the Process, the Company has provided parties with extensive due diligence material, access to the management of each of its businesses and responded with additional information to a broad range of business-related questions and inquiries.
The Company has now advised the parties that final offers in relation to both the whole of company and part of company are to be submitted by Friday 12 September 2014.
SAI continues to caution that there is no guarantee that a binding proposal, which is capable of being put to shareholders, will eventuate.
ENDS
Shareholder/Analyst Contact Andrew Dutton Executive Chairman +61 2 8206 6807 | Media Inquiries Contact Cosway Australia John Frey +61 411 361 361 |
Geoff Richardson Chief Financial Officer +61 2 8206 6805 | Banking Advisers Macquarie Capital Geoff Joyce +61 2 8232 3280 Neil Watson + 61 2 8232 3847 |
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