TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Infomedia Ltd ( (AU:IFM) ) has provided an announcement.
Infomedia Ltd has announced a proposed acquisition by McQueen BidCo Pty Ltd, a Singapore-based entity managed by TPG Capital, through a scheme of arrangement. The Infomedia Board recommends shareholders vote in favor of the scheme, which offers an all-cash consideration of $1.72 per share, deemed fair and reasonable by an independent expert. The scheme’s implementation is contingent on shareholder approval at upcoming meetings, with the board highlighting the attractive premium and value realization for shareholders.
The most recent analyst rating on (AU:IFM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Infomedia Ltd stock, see the AU:IFM Stock Forecast page.
More about Infomedia Ltd
Infomedia Ltd is a company operating in the technology sector, primarily providing software solutions and services. The company focuses on delivering innovative digital solutions to the automotive industry, enhancing customer engagement and operational efficiency.
Average Trading Volume: 2,350,568
Technical Sentiment Signal: Buy
Current Market Cap: A$637.6M
For a thorough assessment of IFM stock, go to TipRanks’ Stock Analysis page.