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360 Capital Group Limited ( (AU:TGP) ) just unveiled an announcement.
360 Capital Group has received an unconditional off-market takeover bid from TT Investments Pty Limited for all securities it does not currently own, at an all-cash offer price of $0.31 per stapled security. The Group’s Independent Board Committee recommends accepting the offer in the absence of a superior proposal, as an independent expert has deemed the offer fair and reasonable. The Target’s Statement has been sent to TT Investments, lodged with the Australian Securities and Investments Commission, and distributed to TGP securityholders. Stakeholders are advised to carefully consider the information in the Target’s Statement and consult their advisers if needed.
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 focused on strategic and active investment management of real estate assets. The company operates in Australia, investing across real estate equity and credit opportunities, partnering with stakeholders to identify, invest, and realize opportunities.
YTD Price Performance: 36.84%
Average Trading Volume: 668,792
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$58.07M
See more data about TGP stock on TipRanks’ Stock Analysis page.