Automotive Holdings hires KPMG for valuation after AP Eagers take-over offer

Company News

by Rachael Jones

Automotive Holdings Group (ASX:AHG) has hired KPMG to prepare an independent expert's report on the value of the company as AP Eagers (ASX:APE) launches its take-over offer.

They today dispatched their Bidder's Statement to AHG Shareholders in relation to its unsolicited and conditional takeover offer.

Shareholders are reminded there is no need to take any action at this current time in relation to the offer.

AP Eagers is a car dealership.

Shares in Automotive Holdings Group (ASX:AHG) are trading 0.62 per cent lower at $2.42.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.