AUB Group Limited (AUB.AX) has provided an update regarding discussions with EQT AB and CVC Asia Pacific Limited concerning an unsolicited, confidential, and non-binding indicative proposal to acquire 100% of AUB by way of a scheme of arrangement. The proposal had outlined cash consideration of $45.00 per AUB share.
The Consortium has since advised AUB that it does not intend to proceed with a binding offer at that price. As a result, both parties have agreed to terminate discussions. The AUB Board continues to believe that $45.00 per share appropriately reflects the Company's value in the current market environment.
Chief Executive Officer and Managing Director, Michael Emmett, commented that AUB Group remains focused on delivering strong performance through a clear strategy and disciplined execution. He noted that the recent due diligence process, while rigorous, reinforced confidence in the Company's improvement initiatives and long-term growth outlook. With discussions now concluded, the Board and management are concentrating on advancing a portfolio of organic growth initiatives and acquisition opportunities.
Emmett added that AUB is confident in its forecast financial performance for fiscal year 2026 and sees significant opportunities to grow profits in fiscal year 2027 and beyond.
AUB Group has reaffirmed its fiscal year 2026 guidance for underlying net profit after tax, which is expected to be within the range of A$215 million to A$227 million. This represents earnings growth of between 7.4% and 13.4%.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.