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Silk Logistics Holdings Ltd. ( (AU:SLH) ) has shared an update.
The Australian Competition and Consumer Commission (ACCC) has decided not to oppose the proposed acquisition of Silk Logistics Holdings Ltd. by DP World Australia. The ACCC’s investigation concluded that the acquisition would not significantly reduce competition in the container logistics market. Despite potential concerns about discriminatory practices against Silk’s competitors, the ACCC found that such actions would likely harm DP World’s own operations, thus maintaining competitive dynamics in the industry.
The most recent analyst rating on (AU:SLH) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Silk Logistics Holdings Ltd. stock, see the AU:SLH Stock Forecast page.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Ltd. is an ASX-listed company providing port-to-door services, including warehousing, distribution, and port logistics across Australia. It operates 46 facilities nationwide, focusing on road transport of import and export containers, as well as warehousing and distribution services.
Average Trading Volume: 54,436
Technical Sentiment Signal: Sell
Current Market Cap: A$137.4M
See more data about SLH stock on TipRanks’ Stock Analysis page.