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The latest update is out from EnviroSuite Ltd ( (AU:EVS) ).
EnviroSuite Ltd has announced that the Federal Court of Australia has approved a scheme of arrangement for the acquisition of all its shares by Ideagen EVS BidCo Pty Limited, a subsidiary of Ideagen Limited. As a result, the company’s shares will be suspended from trading on the ASX, and shareholders will receive a cash payment for their shares. This acquisition marks a significant transition for EnviroSuite, potentially enhancing its market positioning and offering new opportunities for growth under Ideagen’s ownership.
The most recent analyst rating on (AU:EVS) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on EnviroSuite Ltd stock, see the AU:EVS Stock Forecast page.
More about EnviroSuite Ltd
EnviroSuite Ltd operates in the environmental technology industry, providing software solutions that help businesses manage environmental impacts. The company focuses on delivering data-driven insights to optimize environmental performance and compliance.
Average Trading Volume: 6,485,596
Technical Sentiment Signal: Hold
Current Market Cap: A$130.7M
For an in-depth examination of EVS stock, go to TipRanks’ Overview page.