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The latest announcement is out from Clean Seas Seafood Limited ( (AU:CSS) ).
Clean Seas Seafood Limited has announced that the Federal Court of Australia has approved a Scheme Implementation Deed with Yumbah Aquaculture Ltd, under which Yumbah will acquire 100% of Clean Seas’ shares. The Scheme Booklet, which includes an Independent Expert’s Report, has been registered with the Australian Securities and Investments Commission and will be distributed to shareholders. Shareholders will receive either cash or a scrip alternative in Yumbah shares, depending on their eligibility and election. The Independent Board Committee recommends voting in favor of the Scheme, highlighting its potential benefits for shareholders.
The most recent analyst rating on (AU:CSS) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Clean Seas Seafood Limited stock, see the AU:CSS Stock Forecast page.
More about Clean Seas Seafood Limited
Clean Seas Seafood Limited operates in the aquaculture industry, focusing on the production and distribution of seafood products. The company is known for its sustainable practices and market presence in Australia and other regions.
Average Trading Volume: 271,203
Technical Sentiment Signal: Sell
Current Market Cap: A$28.18M
Find detailed analytics on CSS stock on TipRanks’ Stock Analysis page.