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An update from Johns Lyng Group Ltd ( (AU:JLG) ) is now available.
Johns Lyng Group Limited has announced a proposed scheme of arrangement where Sherwood BidCo Pty Ltd, managed by Pacific Equity Partners, will acquire 100% of JLG’s issued shares. The Supreme Court of New South Wales has approved the convening of meetings for shareholders to vote on the scheme, with different considerations for general and relevant shareholders. The Independent Directors recommend voting in favor of the scheme, pending the Independent Expert’s conclusion that it is fair and reasonable.
The most recent analyst rating on (AU:JLG) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Johns Lyng Group Ltd stock, see the AU:JLG Stock Forecast page.
More about Johns Lyng Group Ltd
Johns Lyng Group Limited operates in the building and construction industry, offering services such as insurance building and restoration, commercial building, and strata services. The company focuses on providing solutions for property damage and restoration, catering primarily to insurance companies, property owners, and government bodies.
Average Trading Volume: 2,401,619
Technical Sentiment Signal: Hold
Current Market Cap: A$1.11B
Learn more about JLG stock on TipRanks’ Stock Analysis page.