Johns Lyng Group Receives Acquisition Proposal from Pacific Equity Partners

An update from Johns Lyng Group Ltd ( (AU:JLG) ) is now available.

Johns Lyng Group Limited has received a conditional and non-binding indicative proposal from Pacific Equity Partners to acquire 100% of the company’s issued shares through a scheme of arrangement. An Independent Board Committee has been formed to evaluate the proposal, granting PEP a period of exclusivity for due diligence. The proposal’s outcome remains uncertain, as it requires further approvals from various stakeholders.

The most recent analyst rating on (AU:JLG) stock is a Buy with a A$5.03 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 is an integrated building services group providing building and restoration services across Australia and the US. The company’s core business focuses on rebuilding and restoring properties and contents after damage from insured events such as impacts, weather, and fire. Established in 1953, JLG has expanded into an international business with over 2,300 employees, catering to a diverse client base including major insurance companies, commercial enterprises, and government bodies.

Average Trading Volume: 2,013,300

Technical Sentiment Signal: Sell

Current Market Cap: A$719.1M

For detailed information about JLG stock, go to TipRanks’ Stock Analysis page.