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An announcement from TPG Telecom Limited ( (AU:TPG) ) is now available.
Infomedia Limited, a company listed on the ASX, has entered into a scheme implementation agreement with TPG Capital Asia, under which TPG will acquire all shares of Infomedia at a cash consideration of $1.72 per share. This offer represents a significant premium over recent trading prices and includes the potential for additional value through franking credits. The Infomedia Board unanimously recommends the transaction, highlighting the premium and certainty it provides to shareholders amidst market uncertainties. The scheme is subject to customary conditions, including shareholder and regulatory approvals.
The most recent analyst rating on (AU:TPG) stock is a Sell with a A$4.30 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
Average Trading Volume: 1,047,743
Technical Sentiment Signal: Buy
Current Market Cap: A$10.19B
For an in-depth examination of TPG stock, go to TipRanks’ Overview page.
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