AUB Group (ASX:AUB) said that EQT has reconfirmed its non-binding proposal to acquire all of the company shares at AU$45 each, prompting a two-week extension of the exclusivity period under the confidentiality agreement, now set to end on Nov. 20, according to a Friday filing with the Australian bourse.

The company had earlier signed a confidentiality and exclusivity agreement with EQT to allow six weeks of due diligence following an initial September proposal, as part of the board's review of the potential transaction, according to an Oct. 28 filing.

The board said there is no certainty a binding agreement will be reached, and shareholders do not need to take any action, the filing added.