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Infomedia Ltd ( (AU:IFM) ) has provided an update.
Infomedia Ltd, a company listed on the ASX, has received approval from the Foreign Investment Review Board (FIRB) for its proposed acquisition by McQueen BidCo Pty Ltd, a Singapore-based entity managed by TPG Capital. This approval is a significant step in the acquisition process, satisfying a key condition of the Scheme Implementation Agreement. The Infomedia Board recommends shareholders vote in favor of the scheme, pending no superior proposals and the continued endorsement by an Independent Expert.
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: 1,347,861
Technical Sentiment Signal: Buy
Current Market Cap: A$641.4M
For a thorough assessment of IFM stock, go to TipRanks’ Stock Analysis page.