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Infomedia Ltd ( (AU:IFM) ) just unveiled an announcement.
Infomedia Ltd has announced that the Supreme Court of New South Wales has approved the convening of a shareholder meeting to vote on a proposed acquisition by McQueen BidCo Pty Ltd, a TPG Capital-managed entity. The acquisition is structured as a scheme of arrangement, with the Infomedia Board recommending shareholders vote in favor, citing the independent expert’s assessment that the offer is fair and reasonable. The shareholder booklet, which includes detailed information on the scheme and meetings, will be distributed to shareholders, providing them with necessary insights to make informed voting decisions.
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 software industry, providing digital solutions primarily for the automotive sector. The company focuses on delivering software products that enhance the efficiency and profitability of automotive dealerships and manufacturers.
Average Trading Volume: 2,350,568
Technical Sentiment Signal: Buy
Current Market Cap: A$637.6M
Learn more about IFM stock on TipRanks’ Stock Analysis page.