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An update from Apiam Animal Health Ltd. ( (AU:AHX) ) is now available.
Apiam Animal Health Limited has received a non-binding indicative proposal from Adamantem Capital Management Pty Ltd to acquire all shares in the company for $0.88 cash per share, subject to certain conditions including due diligence and regulatory approvals. The proposal includes a call option over approximately 19.9% of Apiam’s shares, held by an entity controlled by the founder, and is being assessed by an Independent Board Committee to determine the best interests of shareholders. While no transaction is guaranteed, the board will keep shareholders informed.
The most recent analyst rating on (AU:AHX) stock is a Buy with a A$0.63 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 Limited is a leading rural veterinary business in Australia, comprising over 80 veterinary clinic sites and additional ancillary business sites. The company employs more than 1000 staff, including highly experienced veterinarians and dedicated professionals, providing veterinary services across regional towns and peri-urban areas in Australia.
Average Trading Volume: 88,170
Technical Sentiment Signal: Buy
Current Market Cap: A$98.41M
For detailed information about AHX stock, go to TipRanks’ Stock Analysis page.