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Silk Logistics Holdings Ltd. ( (AU:SLH) ) has shared an announcement.
Silk Logistics Holdings Ltd. announced that the Supreme Court of New South Wales has approved its acquisition by DP World Australia Limited through a scheme of arrangement. The scheme is set to become effective once lodged with the Australian Securities and Investments Commission, with Silk shares expected to be suspended from trading on the ASX. Shareholders will receive cash consideration for their shares, marking a significant transition for the company.
The most recent analyst rating on (AU:SLH) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Silk Logistics Holdings Ltd. stock, see the AU:SLH Stock Forecast page.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Ltd. operates within the logistics industry, providing comprehensive supply chain solutions. The company focuses on delivering efficient and reliable logistics services across Australia, catering to a wide range of market needs.
Average Trading Volume: 111,369
Technical Sentiment Signal: Buy
Current Market Cap: A$173.7M
Find detailed analytics on SLH stock on TipRanks’ Stock Analysis page.