An unknown buyer made a non-binding proposal to acquire SeaLink Travel Group Limited (ASX:SLK) for approximately AUD 480 million on May 23, 2018. Under the terms, cash consideration of AUD 4.75 per share was offered. The Board of SeaLink Travel Group Limited unanimously rejected the proposal considering the proposal undervalued SeaLink Travel Group Limited and recommended that shareholders take no action in respect of the proposal. Macquarie Capital (Australia) Limited acted as financial adviser and Kain Corporate and Commercial Lawyers acted as legal adviser to SeaLink Travel Group Limited. An unknown buyer cancelled the non-binding proposal to acquire SeaLink Travel Group Limited on May 23, 2018. The proposal was withdrawn as Board of SeaLink Travel Group Limited unanimously rejected the proposal.