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ORIX Corporation
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FleetPartners (ASX: FPR) trades above A$4.65 bids. Is the market pricing a higher offer?
FleetPartners closed at A$4.67 on October 2, two cents above the highest officially disclosed takeover proposals from ORIX and the Sumitomo consortium. With three bidders still inside the process and no binding transaction announced, investors are effectively pricing some probability that competitive tension produces stronger final terms.