360 Capital Takeover Bid Increased to $0.31 Per Security by TT Investments
TT Investments has increased its takeover bid for 360 Capital Group securities to $0.31 per share, marking its best and final offer amid a firm hold on majority ownership.
- Bid price raised from $0.30 to $0.31 per 360 Capital Group security
- Offer declared unconditional and best and final without competing bids
- TT Investments holds 50.03% stake in 360 Capital Group
- Offer timetable unchanged – opens 29 September, closes 30 October 2025
- Full support expressed for 360 Capital’s current management and strategy
Improved Offer Price Signals Confidence
TT Investments Pty Limited, acting as trustee for the TT Investment Trust, has officially raised its takeover bid for 360 Capital Group (ASX, TGP) securities from $0.30 to $0.31 per security. This increase, announced on 17 September 2025, is positioned as the bidder’s best and final offer, signaling a firm stance in the ongoing acquisition process.
The improved offer price automatically supersedes the previous bid outlined in the Bidder's Statement dated 15 September 2025, while all other terms remain unchanged. Notably, the offer is unconditional, underscoring TT Investments’ commitment to completing the takeover without additional contingencies.
Majority Stake and Market Position
TT Investments and its associates currently hold a relevant interest of 50.03% in 360 Capital Group, making them the largest securityholder since 2009. This majority stake provides a strong foundation for the takeover bid and reflects a long-term investment in the company. The bidder has emphasized the low likelihood of any competing proposals emerging, which further solidifies the position of this improved offer as the definitive one.
In addition to the financial terms, TT Investments has publicly expressed full support for 360 Capital’s management team and the group’s strategic direction. This endorsement may reassure investors and stakeholders about continuity and stability post-takeover.
Offer Timetable and Next Steps
The offer timetable remains unchanged, with the bid expected to open on 29 September 2025 and close on 30 October 2025, unless extended. Securityholders are encouraged to review the Bidder’s Statement and await the Target’s Statement and Independent Expert’s Report, which will provide further insights and evaluations of the offer.
TT Investments has also set up an information line and contact email to assist securityholders with any queries regarding the offer, reflecting a transparent approach to communication during this critical phase.
Market Implications
This improved bid could influence market sentiment around 360 Capital Group securities, potentially driving trading activity as investors reassess the value proposition. The firm declaration of a best and final offer may also prompt shareholders to make decisive moves ahead of the offer closing date.
Bottom Line?
With the bid declared best and final, all eyes now turn to 360 Capital’s response and the market’s reaction in the coming weeks.
Questions in the middle?
- Will 360 Capital Group’s board endorse or oppose the improved offer?
- Could any unexpected competing proposals emerge despite the bidder’s low expectations?
- How will the market price 360 Capital securities in light of the firm bid and majority ownership?
