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The latest announcement is out from Evolve Education Group Ltd ( (AU:EVO) ).
Embark Early Education has moved a step closer to acquiring Mayfield Childcare, declaring its off-market takeover offer unconditional with respect to the minimum acceptance and ASX Listing Rule requirements conditions. The bid for all fully paid ordinary shares in Mayfield is now only subject to no prescribed occurrences and a quotation condition, with Embark disclosing it has already secured 20.27% voting power in the target, signalling growing momentum behind the transaction for shareholders and the sector.
The most recent analyst rating on (AU:EVO) stock is a Buy with a A$0.73 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 (ASX: EVO) operates in the early childhood education and childcare sector, pursuing growth through acquisitions such as its current bid for Mayfield Childcare Limited (ASX: MFD). The company’s strategy focuses on expanding its portfolio of childcare centres and strengthening its position in the Australian early education market.
Average Trading Volume: 197,704
Technical Sentiment Signal: Sell
Current Market Cap: A$126.2M
Find detailed analytics on EVO stock on TipRanks’ Stock Analysis page.