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Infomedia Ltd ( (AU:IFM) ) has issued an announcement.
Infomedia Ltd, a company listed on the Australian Securities Exchange (ASX), announced that the Supreme Court of New South Wales has approved a scheme of arrangement for the acquisition of all its issued shares by McQueen BidCo Pty Ltd, a Singapore-based investment holding entity managed by TPG Capital. This approval marks a significant step in the acquisition process, with Infomedia shares expected to be suspended from trading on the ASX following the lodgement of court orders. Shareholders will receive a special dividend, and the scheme is set to be implemented by early December 2025, potentially impacting Infomedia’s market position and shareholder value.
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
Average Trading Volume: 1,151,108
Technical Sentiment Signal: Buy
Current Market Cap: A$643.3M
See more insights into IFM stock on TipRanks’ Stock Analysis page.