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Johns Lyng Group Ltd ( (AU:JLG) ) has provided an announcement.
Johns Lyng Group Limited announced that the Supreme Court of New South Wales has approved a scheme of arrangement for Sherwood BidCo Pty Ltd to acquire 100% of its shares. This acquisition, managed by Pacific Equity Partners, will result in the suspension of JLG shares from trading on the ASX, marking a significant transition in the company’s ownership structure.
The most recent analyst rating on (AU:JLG) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Johns Lyng Group Ltd stock, see the AU:JLG Stock Forecast page.
More about Johns Lyng Group Ltd
Johns Lyng Group Limited operates in the building and construction industry, providing integrated building services with a focus on insurance building and restoration services. The company is known for its expertise in managing and executing building projects, particularly in response to insurance claims, and serves a diverse market that includes residential, commercial, and government sectors.
Average Trading Volume: 2,161,874
Technical Sentiment Signal: Hold
Current Market Cap: A$1.14B
Find detailed analytics on JLG stock on TipRanks’ Stock Analysis page.