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Reject Shop Limited ( (AU:TRS) ) just unveiled an update.
The Reject Shop Limited has announced that the Federal Court of Australia has approved its acquisition by Dollarama Inc. through a scheme of arrangement. This approval marks a significant step in the transaction process, with the scheme expected to become legally effective upon lodging the court orders with the Australian Securities and Investments Commission. Consequently, Reject Shop shares will be suspended from trading on the ASX, and shareholders will receive a special dividend and scheme consideration in cash, marking a pivotal change in the company’s ownership and market presence.
The most recent analyst rating on (AU:TRS) stock is a Hold with a A$3.70 price target. To see the full list of analyst forecasts on Reject Shop Limited stock, see the AU:TRS Stock Forecast page.
More about Reject Shop Limited
The Reject Shop Limited operates in the retail industry, focusing on offering a wide range of discount variety merchandise. The company primarily serves budget-conscious consumers in Australia, providing products such as homewares, cosmetics, and consumer goods.
YTD Price Performance: 143.88%
Average Trading Volume: 165,227
Technical Sentiment Signal: Buy
Current Market Cap: A$249.6M
See more insights into TRS stock on TipRanks’ Stock Analysis page.