The latest announcement is out from Emu NL ( (AU:EMU) ).
Emu NL has submitted an application to the Takeovers Panel concerning an alleged association among shareholders ahead of a board spill meeting. The company claims that certain shareholders, who collectively hold more than 20% voting power, are acting in concert to gain majority control of the board without proper disclosure. Emu NL is seeking final orders to impose voting restrictions or require share disposals and corrective disclosure by the alleged associates.
More about Emu NL
Emu NL is an ASX-listed company operating in an unspecified industry. The company is currently dealing with a board-related issue involving its shareholders.
YTD Price Performance: 7.41%
Average Trading Volume: 354,562
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$5.42M
Learn more about EMU stock on TipRanks’ Stock Analysis page.