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The latest update is out from Infomedia Ltd ( (AU:IFM) ).
Infomedia Ltd has announced that the German Federal Ministry for Economic Affairs and Energy has approved the proposed acquisition of all Infomedia shares by McQueen BidCo Pty Ltd, a Singapore-based entity managed by TPG Capital. This approval fulfills a key condition in the Scheme Implementation Agreement, although further conditions, including shareholder and court approvals, remain pending. The Infomedia Board continues to unanimously recommend shareholders vote in favor of the scheme, emphasizing its alignment with shareholder interests.
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 (ASX: IFM) is a leading global provider of Data-as-a-Service (DaaS) and Software-as-a-Service (SaaS) solutions that empower the data-driven automotive ecosystem. Their solutions assist OEMs, NSCs, dealerships, and third-party partners in managing the vehicle and customer lifecycle, enhancing customer journeys, improving dealer efficiencies, and boosting sales. Infomedia’s products are utilized by over 250,000 industry professionals across global OEM brands in 195 countries.
Average Trading Volume: 2,401,143
Technical Sentiment Signal: Buy
Current Market Cap: A$637.6M
For an in-depth examination of IFM stock, go to TipRanks’ Overview page.