Clean Seas Seafood Announces Rescheduled Shareholder Meeting for Acquisition Vote

An announcement from Clean Seas Seafood Limited ( (AU:CSS) ) is now available.

Clean Seas Seafood Limited has announced a rescheduling of its shareholder meeting to vote on a scheme of arrangement under which Yumbah Aquaculture Ltd will acquire 100% of Clean Seas’ shares. The Federal Court of Australia has approved the distribution of a supplementary scheme booklet to shareholders, providing further details on the acquisition. The Independent Board Committee recommends voting in favor of the scheme, highlighting its alignment with shareholder interests, barring a superior proposal.

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, primarily focusing on the production and sale of seafood products. The company is known for its sustainable practices and market focus on high-quality seafood offerings.

Average Trading Volume: 203,936

Technical Sentiment Signal: Sell

Current Market Cap: A$28.18M

Learn more about CSS stock on TipRanks’ Stock Analysis page.