Clean Seas Seafood Announces Revised Acquisition Proposal by Yumbah Aquaculture

Clean Seas Seafood Limited ( (AU:CSS) ) has issued an announcement.

Clean Seas Seafood Limited has announced a revised proposal from Yumbah Aquaculture Ltd regarding the acquisition of Clean Seas shares through a scheme of arrangement. The new proposal adjusts the ratio of New Yumbah Shares offered for Clean Seas Shares, reflecting Yumbah’s revised internal valuation due to anticipated non-cash impairments. The Clean Seas Independent Board Committee recommends shareholders vote in favor of the scheme, which offers $0.14 cash per share, unless a superior proposal emerges. The scheme meeting has been rescheduled, and shareholders are encouraged to vote, with the option to choose between cash consideration or the scrip alternative.

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

Average Trading Volume: 200,433

Technical Sentiment Signal: Sell

Current Market Cap: A$28.18M

Find detailed analytics on CSS stock on TipRanks’ Stock Analysis page.