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Infomedia Ltd ( (AU:IFM) ) just unveiled an announcement.
Infomedia Ltd has announced a proposed acquisition by McQueen BidCo Pty Ltd, managed by TPG Capital, through a scheme of arrangement. The acquisition is subject to shareholder approval, with meetings scheduled to facilitate this process. The Infomedia Board recommends shareholders vote in favor of the scheme, highlighting its alignment with shareholder interests. The outcome of the meetings will impact Infomedia’s operational direction and market positioning, potentially enhancing its growth prospects under new ownership.
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 operates in the technology industry, providing software solutions primarily for the automotive sector. The company’s products and services focus on enhancing the efficiency and effectiveness of automotive dealerships and manufacturers, with a market focus on digital transformation and data-driven solutions.
Average Trading Volume: 1,198,243
Technical Sentiment Signal: Buy
Current Market Cap: A$641.4M
For a thorough assessment of IFM stock, go to TipRanks’ Stock Analysis page.