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Infomedia Ltd ( (AU:IFM) ) has provided an update.
Infomedia Ltd’s securities will be suspended from quotation following the approval of a scheme of arrangement by the Supreme Court of New South Wales, allowing McQueen BidCo Pty Ltd, managed by TPG Capital, to acquire all issued shares of IFM. This acquisition marks a significant change in ownership, potentially impacting Infomedia’s strategic direction and market operations.
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, focusing on providing software solutions and services primarily for the automotive sector. The company specializes in offering electronic parts catalogues, service quoting, and business intelligence solutions to enhance the efficiency and profitability of automotive service and repair businesses.
Average Trading Volume: 1,146,066
Technical Sentiment Signal: Buy
Current Market Cap: A$643.3M
For a thorough assessment of IFM stock, go to TipRanks’ Stock Analysis page.