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The latest update is out from Infomedia Ltd ( (AU:IFM) ).
Infomedia Limited announced that its shareholders have approved a scheme of arrangement under which McQueen BidCo Pty Ltd, managed by TPG Capital, will acquire all issued capital of Infomedia. Additionally, shareholders approved a Bidder Loan and re-elected Jim Hassell as an independent non-executive director. The scheme is pending final court approval, after which Infomedia shares will be suspended from trading and the scheme implemented, impacting stakeholders by transitioning ownership and potentially altering strategic directions.
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 Limited operates in the technology industry, providing software solutions primarily for the automotive sector. The company focuses on delivering innovative products and services that enhance the efficiency and profitability of automotive businesses.
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.