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The latest update is out from Apiam Animal Health Ltd. ( (AU:AHX) ).
Apiam Animal Health Ltd. announced that the Supreme Court of New South Wales has ordered a meeting for shareholders to vote on a proposed acquisition by Pepper Bidco Pty Ltd and Pepper Holdco Limited, entities controlled by Adamantem Capital. The acquisition, structured as a scheme of arrangement, offers Apiam shareholders a cash consideration of $0.87 per share or a combination of cash and scrip options. The Independent Expert’s Report deems the scheme fair and reasonable, aligning with the assessed value range of Apiam shares, and recommends it in the absence of a superior proposal. This acquisition could significantly impact Apiam’s market positioning and shareholder value.
The most recent analyst rating on (AU:AHX) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Apiam Animal Health Ltd. stock, see the AU:AHX Stock Forecast page.
More about Apiam Animal Health Ltd.
Apiam Animal Health Ltd. operates in the veterinary services industry, focusing on providing animal health services and products. The company is known for its comprehensive veterinary services, catering primarily to the agricultural and livestock sectors.
Average Trading Volume: 387,408
Technical Sentiment Signal: Buy
Current Market Cap: A$158.7M
For detailed information about AHX stock, go to TipRanks’ Stock Analysis page.