Clean Seas Seafood to be Acquired by Yumbah Aquaculture

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

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 Independent Board Committee of Clean Seas recommends shareholders vote in favor of the scheme, provided no superior proposal emerges and the Independent Expert maintains that the scheme is in the best interests of shareholders. A Scheme Meeting is scheduled for June 23, 2025, where shareholders will vote on the 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: 221,455

Technical Sentiment Signal: Sell

Current Market Cap: A$27.18M

See more data about CSS stock on TipRanks’ Stock Analysis page.