tiprankstipranks
Advertisement
Advertisement

Federal Court Approves Eumundi Group Acquisition by SEQ Hospitality

Story Highlights
Federal Court Approves Eumundi Group Acquisition by SEQ Hospitality

Claim 55% Off TipRanks

An update from Eumundi Group Limited ( (AU:EBG) ) is now available.

Eumundi Group Limited announced that the Federal Court of Australia approved a scheme of arrangement for SEQ Hospitality Group Pty Ltd to acquire all issued Eumundi shares. Following this approval, the scheme is set to become effective upon filing with ASIC, leading to the suspension of Eumundi shares on the ASX. The scheme’s implementation is scheduled for February 14, 2025, when shareholders will receive $1.62 per share.

More about Eumundi Group Limited

YTD Price Performance: 0.90%

Average Trading Volume: 41,064

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$84.11M

Find detailed analytics on EBG stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1