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An announcement from Evolve Education Group Ltd ( (AU:EVO) ) is now available.
Embark Early Education Limited has issued a replacement bidder’s statement in relation to its off‑market takeover bid for all the ordinary shares in Mayfield Childcare Limited that it does not already own. Under the offer, Mayfield shareholders can choose either scrip consideration of one Embark share for every 1.24 Mayfield shares or a cash alternative of A$0.50 per Mayfield share, with scrip as the default if no election is made; the bid is scheduled to close on 5 March 2026 unless extended or withdrawn, marking a further step in Embark’s move to consolidate its position in the childcare sector by absorbing a rival operator.
The most recent analyst rating on (AU:EVO) stock is a Hold with a A$0.70 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, listed on the ASX under the code EVO, operates in the early childhood education and childcare sector. The company focuses on providing early learning services through childcare centres, positioning itself within Australia’s broader education and care industry.
Average Trading Volume: 238,256
Technical Sentiment Signal: Hold
Current Market Cap: A$132.3M
Learn more about EVO stock on TipRanks’ Stock Analysis page.