From the AFR of 4 August
Leasing and finance business FlexiGroup is understood to be in the sights of offshore acquirers as it continues to navigate what has proven a torrid 12 months.
FlexiGroup has been a fixture on the investment bank pitching circuit in the past six to 12 months and more recently sources have pointed to a US-based buyer running a ruler over the company.
The Sydney-based company's shares have slumped 35 per cent so far this year pitting its market capitalisation at $728 million.
It is unclear whether advisers have been appointed on either side or whether an approach will materialise. Citigroup is close to FlexiGroup after advising on its 2015 acquisition of Fisher & Paykel Finance.
The company has had its fair share of challenges. It appointed new chief executive Symon Brewis-Weston in November following the abrupt departure of Tarek Robbiati in the middle of the year.
From the AFR of 4 August Leasing and finance business FlexiGroup...
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Last
42.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $217.3M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 42.5¢ | $401.0K | 937.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 81529 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 43.5¢ | 19958 | 3 |
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| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
43.0¢ |
Change
0.000 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| 42.5¢ | 43.0¢ | 42.5¢ | 105960 | ||
| Last updated 15.58pm 14/05/2024 ? | |||||
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