Johns Lyng Group (ASX:JLG) Receives Indicative Offer from PEP
Indicative Proposal
Johns Lyng Group (ASX:JLG) received a non-binding indicative offer from Pacific Equity Partners (PEP) to acquire 100% of its issued shares through a scheme of arrangement. The proposal includes offering certain senior management, including Managing Director and CEO Scott Didier, scrip consideration to retain an interest in the business.
Exclusivity and Approval
An Independent Board Committee granted PEP exclusivity until 11 July 2025 to conduct confirmatory due diligence and present a binding offer. The proposal is subject to customary conditions and requires approvals from JLG’s Independent Board Committee, the Foreign Investment Review Board, shareholders, and the Court.
Advisers
JLG has engaged J.P. Morgan and Nomura as financial advisers and MinterEllison as legal adviser.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Johns Lyng Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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