360 Capital Takeover Offer Extended to 13 Nov at $0.31 per Security
TT Investments has extended its unconditional takeover offer for 360 Capital Group securities to 13 November 2025, maintaining a substantial premium and signaling potential strategic shifts post-acquisition.
- Offer extended to 13 November 2025
- Offer price remains $0.31 per security, an 87.9% premium
- Independent Directors unanimously recommend acceptance
- Bidder holds 74.32% relevant interest in 360 Capital Group
- Post-offer strategic review including possible delisting
Offer Extension and Premium Maintained
TT Investments Pty Limited, acting as trustee for the TT Investment Trust, has officially extended its unconditional off-market takeover offer for all stapled securities of 360 Capital Group (ASX – TGP) until 7 – 00pm Sydney time on 13 November 2025. The offer price remains steady at $0.31 per security, representing a striking 87.9% premium over the undisturbed trading price prior to the bid announcement.
Strong Endorsements from Independent Directors and Expert
The takeover bid carries the unanimous endorsement of 360 Capital Group’s Independent Directors, who recommend securityholders accept the offer in the absence of a superior proposal. This recommendation is bolstered by an independent expert report from Grant Thornton Corporate Finance Pty Ltd, which concludes the offer is both fair and reasonable. Notably, the Independent Directors who hold securities in 360 Capital Group have already accepted the offer, signaling confidence in the bid’s value proposition.
Bidder’s Significant Stake and Strategic Intentions
TT Investments currently holds a substantial 74.32% relevant interest in 360 Capital Group, having been the largest securityholder since 2009. The bidder has indicated that the offer price is final and will not be increased absent a competing proposal, which it considers unlikely. Following the close of the offer, TT Investments plans a comprehensive strategic review of 360 Capital Group, including potential changes to the capital structure, reassessment of co-investment levels, dividend policies, and the possibility of delisting the group from the ASX.
Market Implications and Next Steps for Securityholders
Securityholders who accept the offer will receive payment within seven business days without brokerage fees, while those wishing to sell on-market can do so through Morgans, the bidder’s appointed broker, with settlement on a T+2 basis. The extension provides additional time for securityholders to consider the offer amid these strategic developments. However, there is a cautionary note that if the offer lapses, 360 Capital Group’s trading price may decline, given TT Investments’ role as the main buyer since mid-September 2025.
Bottom Line?
As the extended deadline approaches, all eyes will be on acceptance rates and the strategic direction TT Investments charts for 360 Capital Group.
Questions in the middle?
- Will any competing takeover proposals emerge before the new deadline?
- What specific capital structure changes might TT Investments pursue post-acquisition?
- How will the potential delisting from ASX impact liquidity and valuation for remaining securityholders?
