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Elph Investments’ Unconditional Takeover of Engenco

Story Highlights
  • Elph Investments has made an unconditional takeover offer for Engenco shares.
  • Engenco directors recommend shareholders accept the offer before the acquisition process begins.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Elph Investments’ Unconditional Takeover of Engenco

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Engenco Limited ( (AU:EGN) ) has shared an update.

Engenco Limited has announced that Elph Investments Pty Ltd has made an unconditional takeover offer for Engenco shares at 31 cents per share, acquiring a 92.68% interest. Engenco’s directors recommend shareholders accept the offer before the compulsory acquisition process begins, with the offer closing on June 27, 2025. The Employee Share Purchase Plan restrictions have been lifted to allow holders to accept the offer.

More about Engenco Limited

Average Trading Volume: 36,047

Technical Sentiment Signal: Hold

Current Market Cap: A$96.38M

Learn more about EGN stock on TipRanks’ Stock Analysis page.

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