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360 Capital Group Limited ( (AU:TGP) ) just unveiled an update.
360 Capital Group has announced its response to a new, unconditional on-market takeover bid from TT Investments, offering $0.31 per security for shares it does not yet own. The company’s Independent Board Committee (IBC) recommends shareholders accept the bid in the absence of a superior offer, citing the unchanged nature of the business and an independent expert’s assessment of fairness and reasonableness. Additionally, the previously proposed Minimum Holding Buy-back has been suspended with immediate effect, pending future decisions from the board.
The most recent analyst rating on (AU:TGP) stock is a Hold with a A$0.26 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 firm specializing in strategic and active management of real estate assets. Based in Australia, the company focuses on real estate equity and credit opportunities, working with stakeholders to identify and execute profitable investment opportunities.
Average Trading Volume: 604,226
Technical Sentiment Signal: Buy
Current Market Cap: A$46.46M
For an in-depth examination of TGP stock, go to TipRanks’ Overview page.