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MaxiPARTS Receives $2.50 Per Share Acquisition Proposal From Ares

9:34am on Thursday 3rd of September, 2026 AEST Industrial Goods
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MaxiPARTS Receives $2.50 Per Share Acquisition Proposal From Ares

9:34am on Thursday 3rd of September, 2026 AEST
Key Points
  • Ares proposes $2.50 per share cash offer via scheme of arrangement
  • Offer implies a 46% premium to last close price
  • Four-week exclusivity granted for Ares to conduct due diligence
  • MaxiPARTS to acquire Air Brake Systems for $11.2 million
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