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An announcement from Johns Lyng Group Ltd ( (AU:JLG) ) is now available.
Johns Lyng Group Limited has announced that the scheme of arrangement, under which Sherwood BidCo Pty Ltd will acquire 100% of its shares, has been approved by the Supreme Court of New South Wales and is now legally effective. As a result, trading of JLG shares on the ASX will be suspended, and shareholders will receive their scheme consideration on 23 October 2025. This acquisition marks a significant change in the company’s ownership structure, potentially impacting its future operations and market positioning.
The most recent analyst rating on (AU:JLG) stock is a Hold with a A$4.50 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 a company operating in the construction and building services industry. It provides a range of services including insurance building and restoration services, commercial building, and strata management. The company focuses on delivering high-quality services to its clients across Australia.
Average Trading Volume: 2,161,874
Technical Sentiment Signal: Hold
Current Market Cap: A$1.14B
For an in-depth examination of JLG stock, go to TipRanks’ Overview page.