<article><a style="color: #000080;" href="https://www.saiglobal.com/" target="_blank">SAI Global Ltd.</a>, the Australian standards and risk management company, accepted a A$1.01 billion ($769 million) takeover offer from <a style="color: #000080;" href="http://dealstreetasia.com/tag/baring-private-equity" target="_blank">Baring Private Equity Asia</a> following a slump in its stock.</article>

<a style="color: #000080;" href="https://www.saiglobal.com/" target="_blank">SAI Global Ltd.</a>, the Australian standards and risk management company, accepted a A$1.01 billion ($769 million) takeover offer from <a style="color: #000080;" href="http://dealstreetasia.com/tag/baring-private-equity" target="_blank">Baring Private Equity Asia</a> following a slump in its stock.
Shareholders in SAI Global will receive A$4.75 a share in cash, 32 percent more than the stock’s closing price on Sept. 23, the Sydney-based company said in a statement Monday.
Directors of SAI unanimously recommended the proposal and the company ended a strategic review of its assurance business. SAI has tumbled 31 percent from a June 2014 peak of A$5.20.
“The 100 percent cash consideration provides SAI shareholders with certainty of value and the opportunity to realize their investment in full for cash,” SAI Chairman Andrew Dutton said in the statement.
Baring Asia currently owns about 4.3 percent of SAI, according to the statement.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/thomson-reuters-to-sell-ip-science-business-for-3-55-billion-47108/" target="_blank">Thomson Reuters to sell IP &amp; science unit to Onex, Baring PE Asia for $3.55b</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/telus-corp-close-stake-sale-in-telus-int-to-baring-asia-42962/" target="_blank">Telus Corp completes 35% stake sale in BPO unit to Baring PE Asia</a>
<h4>Bloomberg</h4>

SAI Global Ltd., the Australian standards and risk management company, accepted a $769 million takeover offer from Baring Private Equity Asia. 

Australian risk management firm SAI accepts $769m bid from Baring PE Asia

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Australian risk management firm SAI accepts $769m bid from Baring PE Asia

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief