De La Rue Issues Amended Proxy Form Amid Acquisition

De La Rue ( (GB:DLAR) ) has provided an announcement.

De La Rue has announced an amendment to the proxy form related to its acquisition by ACR Bidco Limited. The company identified an error in the original form and has issued a corrected version, urging shareholders to use the amended form for the upcoming General Meeting. This development does not affect the acquisition timeline, maintaining the schedule as previously announced.

The most recent analyst rating on (GB:DLAR) stock is a Hold with a £95.00 price target. To see the full list of analyst forecasts on De La Rue stock, see the GB:DLAR Stock Forecast page.

Spark’s Take on GB:DLAR Stock

According to Spark, TipRanks’ AI Analyst, GB:DLAR is a Neutral.

De La Rue’s overall stock score is largely influenced by its poor financial health, marked by declining revenues and net losses. However, technical analysis shows some bullish momentum, and strategic corporate events hint at potential improvement. Despite these positives, the negative valuation metrics and shareholder changes present notable concerns.

To see Spark’s full report on GB:DLAR stock, click here.

More about De La Rue

De La Rue is a company operating in the security printing industry, primarily known for producing banknotes and other secure documents. The company focuses on providing high-security products and services to governments and central banks worldwide.

Average Trading Volume: 1,497,339

Technical Sentiment Signal: Buy

Current Market Cap: £252.4M

For a thorough assessment of DLAR stock, go to TipRanks’ Stock Analysis page.