Clean Seas Seafood Set for Acquisition by Yumbah Aquaculture

Clean Seas Seafood Limited ( (AU:CSS) ) has provided an update.

Clean Seas Seafood Limited has entered into a Scheme Implementation Deed with Yumbah Aquaculture Ltd, under which Yumbah will acquire 100% of Clean Seas’ shares through a scheme of arrangement. The Scheme Meeting, held to discuss and vote on this acquisition, will determine the future ownership structure of Clean Seas, potentially impacting its operations and market positioning. Shareholders will receive a cash consideration if the scheme is approved, influencing stakeholder interests and the company’s strategic direction.

The most recent analyst rating on (AU:CSS) stock is a Hold with a A$0.18 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 on the production and distribution of premium seafood products. The company is known for its sustainable aquaculture practices and primarily targets markets interested in high-quality seafood offerings.

Average Trading Volume: 148,796

Technical Sentiment Signal: Sell

Current Market Cap: A$28.29M

For detailed information about CSS stock, go to TipRanks’ Stock Analysis page.