Insurance broker AUB Group (ASX: AUB) traded 6% higher at A$38.93 at 10:35am AEDT after saying suitor EQT has reconfirmed its intention to proceed with a cash proposal of A$45.00 per share.
AUB said the reconfirmation was required under the parties’ confidentiality and exclusivity agreement disclosed on October 28, 2025. With EQT’s notice now received, the initial four-week exclusivity has automatically extended by two weeks to 5:00pm (Sydney time) on November 20, 2025, allowing EQT to continue due diligence toward a binding deal.
The approach remains confidential and non-binding, and AUB cautioned there is no certainty the discussions will result in a binding agreement or transaction.
Shareholders are not required to take any action at this stage. AUB said it will update the market as appropriate.