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The latest update is out from IncentiaPay Ltd. ( (AU:EAT) ).
Entertainment Rewards Ltd has announced that up to 29,097,000 of its fully paid ordinary shares will be released from voluntary escrow, contingent upon Suzerain Investment Holdings Ltd declaring its takeover offer unconditional or initiating a compulsory acquisition procedure. This move is part of the ongoing takeover offer by Suzerain for all issued share capital in Entertainment Rewards Ltd, which could significantly impact the company’s operations and market positioning by potentially altering its ownership structure.
The most recent analyst rating on (AU:EAT) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on IncentiaPay Ltd. stock, see the AU:EAT Stock Forecast page.
More about IncentiaPay Ltd.
Entertainment Rewards Ltd, through its Entertainment-branded subsidiaries, offers a marketplace for offers and rewards, connecting merchants with consumers seeking entertainment, lifestyle, and leisure experiences. Founded in 1994, it is a trusted source of member-only offers and manages a vast amount of entertainment-related merchant content. The company provides fundraisers, merchants, and enterprises with advanced data and campaign analytics, targeting a large closed group of subscription-paying members in Australia and New Zealand. Revenue is generated through member subscription fees and marketplace features offering data-as-a-service and targeted campaign value.
Average Trading Volume: 2,187,803
Technical Sentiment Signal: Buy
Current Market Cap: A$27.48M
See more data about EAT stock on TipRanks’ Stock Analysis page.