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360 Capital Group Limited ( (AU:TGP) ) just unveiled an update.
360 Capital Group, an Australian-listed real estate-focused investment and funds management business, specialises in managing equity and credit opportunities across property markets for its stakeholders. The company has lodged its formal target’s statement in response to TT Investments’ unconditional on-market cash takeover offer of $0.31 per stapled security, with the independent board committee unanimously recommending that securityholders accept the bid in the absence of a superior proposal after an independent expert found the offer to be fair and reasonable; the statement has been distributed to investors electronically or via post, marking a key step in the takeover process and providing securityholders with guidance on how to consider the offer.
The most recent analyst rating on (AU:TGP) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on 360 Capital Group Limited stock, see the AU:TGP Stock Forecast page.
More about 360 Capital Group Limited
360 Capital Group (ASX: TGP) is an ASX-listed investment and funds management group focused on strategic and active investment management of real estate assets. The company operates in Australia across real estate equity and credit opportunities, partnering with stakeholders to identify, invest in and realise value from property-related investments.
Average Trading Volume: 1,029,913
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$57.6M
Find detailed analytics on TGP stock on TipRanks’ Stock Analysis page.