AMA Group Limited (ASX:AMA) offered to acquire remaining 68.71% stake in Automotive Solutions Group Ltd (ASX:4WD) (ASGL) for AUD 12.1 million on November 1, 2017. As per the terms of offer, the offer price is AUD 0.35 per share. If AMA Group Limited obtains control of 90% or more of Automotive Solutions Group Ltd shares, AMA Group Limited will acquire remaining shares of Automotive Solutions Group Ltd through compulsory acquisition and seeks to delist Automotive Solutions Group Ltd and will replace all non-executive directors with AMA group nominees. On August 24, 2016, AMA Group Limited entered into a new Facility Agreement with National Australia Bank Limited to finance the transaction. This includes AUD 40 million debt facility with tenure of 36 months, to assist in funding acquisitions and general corporate needs. The offer will not be sourced from AMA Group Limited own cash resources. The offer is subject to AMA Group Limited achieving a relevant interest or voting rights in at least 50.1% of the issued ordinary capital of ASGL at or before the end of the offer period, ASGL not undertaking or committing to undertake any material transactions and no prescribed events arising. The offer is not subject to any financing conditions. There are no regulatory approvals that AMA Group must obtain in order to make and complete the offer. The offer will open on November 17, 2017 and close on December 18, 2017. As on November 24, 2017, the minimum shares condition has been satisfied. On November 3, 2017, Automotive Solutions Group Limited recommended shareholders to take no action. On November 11, 2017, replacement bidder statement has been filed. As of November 17, 2017, the tender offer has commenced. On November 28, 2017, target statement has been filed by Automotive Solutions Group Limited. The Board of Directors of Automotive Solutions Group Limited unanimously recommend shareholders to accept the offer. BDO Corporate Finance (East Coast) Pty Ltd concluded that offer is fair and reasonable for all shareholders. On December 8, 2017, the offer is free of the defeating conditions and is unconditional. On December 11, 2017, third supplementary bidders statement has been filed by Automotive Solutions Group Limited. AMA Group Limited acquired a relevant interest of more than 90% stake in Automotive Solutions Group Ltd on December 19, 2017 and will compulsorily acquire the remaining shares. The offer period has been extended to January 12, 2018. Foster Nicholson Lawyers Pty Ltd acted as legal advisor, Bell Potter Securities Limited acted as financial advisor and Computershare Investor Services Pty Limited acted as transfer agent for AMA Group. GRT Lawyers acted as legal advisor for Automotive Solutions Group Limited. BDO Corporate Finance (East Coast) Pty Ltd acted as independent financial advisor for Automotive Solutions Group Limited. AMA Group Limited (ASX:AMA) completed the acquisition of remaining 68.71% stake in Automotive Solutions Group Ltd (ASX:4WD) (ASGL) on January 18, 2018. The securities of Automotive Solutions Group Ltd will be removed from the official list of Australia Stock Exchange Limited.