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EnviroSuite Ltd ( (AU:EVS) ) has provided an announcement.
EnviroSuite Ltd announced that its shareholders have overwhelmingly voted in favor of a scheme of arrangement for the acquisition of all shares by Ideagen EVS BidCo Pty Limited, a subsidiary of Ideagen Limited. The scheme’s approval is pending a court hearing and other conditions, with the expectation that if approved, EnviroSuite shares will be suspended from trading, and shareholders will receive cash compensation per share. This acquisition could significantly impact EnviroSuite’s market positioning and operations, aligning it with Ideagen’s strategic goals.
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’s primary products focus on real-time environmental monitoring and management, serving various sectors including mining, airports, and industrial operations.
Average Trading Volume: 5,331,645
Technical Sentiment Signal: Hold
Current Market Cap: A$126.3M
Learn more about EVS stock on TipRanks’ Stock Analysis page.