AP Eagers $2.3bn takeover of AHG succeeds

Auto dealer A.P. Eagers has succeeded in acquiring more than 90 per cent of all Automotive Holding Group shares, reaching that important threshold just hours before its offer expired.

Now that it owns 91.1 per cent of all AHG shares, A.P. Eagers can and will now compulsorily acquire the remaining AHG shares outstanding to complete its takeover.

The combined company will be Australia’s largest car dealership with over 200 locations in Australia and 13 in New Zealand.

AAP

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