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The latest update is out from Evolve Education Group Ltd ( (AU:EVO) ).
Embark Early Education Limited has announced its intention to make an off-market takeover bid for the remaining shares of Mayfield Childcare Limited that it does not already own. The offer values Mayfield’s share capital at approximately A$37.71 million, representing a significant premium over recent trading prices. The acquisition is expected to expand Embark’s operations from 39 to 84 centers, enhancing its capacity to deliver improved educational and care outcomes while maintaining financial stability. The offer is subject to several conditions, including achieving a 90% interest in Mayfield’s issued shares and meeting ASX requirements.
The most recent analyst rating on (AU:EVO) stock is a Buy with a A$1.09 price target. To see the full list of analyst forecasts on Evolve Education Group Ltd stock, see the AU:EVO Stock Forecast page.
More about Evolve Education Group Ltd
Embark Early Education Limited operates in the early childhood education industry, focusing on providing educational and care services for children. The company aims to enhance educational outcomes and ensure financial robustness through strategic growth and resource allocation.
Average Trading Volume: 453,658
Technical Sentiment Signal: Sell
Current Market Cap: A$122.9M
For an in-depth examination of EVO stock, go to TipRanks’ Overview page.