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360 Capital Group Limited ( (AU:TGP) ) has provided an announcement.
360 Capital Group has formed an Independent Board Committee (IBC) in response to an unconditional off-market takeover bid by TT Investments for all securities it does not own at $0.30 per stapled security. The IBC, chaired by Non-Executive Director David van Aanholt, advises securityholders to take no action until a Target’s Statement, including an Independent Expert’s Report, is provided to assess the fairness of the offer.
The most recent analyst rating on (AU:TGP) stock is a Hold with a A$0.50 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 is an ASX-listed investment and funds management group specializing in strategic and active investment management of real estate assets. The company operates in Australia, focusing on real estate equity and credit opportunities, partnering with stakeholders to identify and realize investment opportunities.
YTD Price Performance: 31.58%
Average Trading Volume: 128,664
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$55.75M
For an in-depth examination of TGP stock, go to TipRanks’ Overview page.