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The latest update is out from Johns Lyng Group Ltd ( (AU:JLG) ).
Johns Lyng Group Ltd has entered into a Scheme Implementation Deed with Pacific Equity Partners, under which PEP will acquire 100% of JLG’s ordinary shares at $4.00 per share, valuing the company at approximately $1.1 billion. The transaction offers a significant premium to shareholders and has received unanimous support from JLG’s Independent Board Committee and major shareholder Scott Didier. The scheme is subject to customary conditions, including shareholder and court approvals, and is expected to be completed by October 2025.
The most recent analyst rating on (AU:JLG) stock is a Buy with a A$4.90 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 Ltd operates in the integrated building services industry, focusing on providing restoration and building services across Australia, New Zealand, and the United States.
Average Trading Volume: 1,584,263
Technical Sentiment Signal: Sell
Current Market Cap: A$877.7M
Learn more about JLG stock on TipRanks’ Stock Analysis page.