Seems that this surfaces in Dataroom every 3-6 months. I wonder...

Seems that this surfaces in Dataroom every 3-6 months. I wonder if there is anything more to this, this time around!?

The $760m FleetPartners – a perennial takeover target – is starting to look interesting again following the stellar performance last week of former suitors SG Fleet and McMillan Shakespeare in their 2023 results.Shares in SG Fleet are up almost 49 per cent this year, while McMillan Shakespeare and FleetPartners are up about 44 per cent.Surging demand for novated leasing of electric vehicles is fuelling growth for the companies, with McMillan Shakespeare reporting leasing orders up 12.3 per cent and EVs representing 21.4 per cent of novated orders in June 2023. Governments are offering rebates and stamp duty benefits for EVs.McMillan Shakespeare’s share price is now $19.04. When it bid for FleetPartners – then known as Eclipx – in 2018, its offer was worth $2.85 per share, based on 46c cash and 0.1414 McMillan Shakespeare shares.Now, an offer based on those same terms would be worth $3.15.A deal would have better synergies than in the past. Non-performing parts of FleetPartners, such as Grays Online, have been sold, and it has 25 per cent less shares due to a share buyback.AP Eagers bought a 5.7 per cent interest in McMillan Shakespeare earlier this year.At the time of the 2018 offer, McMillan Shakespeare’s share price was $16.90, whereas FleetPartners (Eclipx) was at $2.14.