TT Investments announced an all-cash on-market takeover offer for 360 Capital Group and 360 Capital Investment Trust (ASX:TGP), offering $0.31 per stapled security.
The bidder, which already holds a 76.75% stake in TGP Securities through itself and its associates, including Pentagon Financial Services and Pentagon Capital, is led by Executive Chairman Tony Pitt.
The unconditional offer provides TGP Securityholders with a 24% premium to the closing price of $0.25 per security on Dec. 17.
Accepted offers will be settled on a T+2 basis, giving shareholders immediate access to cash while removing exposure to potential risks associated with continued investment in TGP Securities.
The takeover offer, which does not require any minimum acceptance threshold, opens on Jan. 1, 2026 and is scheduled to close on Feb. 3, 2026, subject to extension.
Morgans Financial has been appointed as broker to facilitate the purchase of TGP Securities at the offer price on the ASX.
Securityholders are advised to consult their broker or financial adviser if they have any questions regarding the offer.