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The latest update is out from Eumundi Group Limited ( (AU:EBG) ).
Eumundi Group Limited is engaged in a proposed scheme of arrangement whereby SEQ Hospitality Group Pty Ltd aims to acquire all Eumundi shares. The offer for Eumundi shares has been increased to $1.62 per share. This acquisition is part of a strategic transaction involving both an off-market takeover offer and a scheme of arrangement. Approval of the scheme requires specific shareholder voting thresholds, and the outcome could significantly impact Eumundi’s ownership structure, providing shareholders with a cash consideration for their shares.
More about Eumundi Group Limited
YTD Price Performance: 0.60%
Average Trading Volume: 46,273
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$84.11M
Find detailed analytics on EBG stock on TipRanks’ Stock Analysis page.
