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The latest update is out from Johns Lyng Group Ltd ( (AU:JLG) ).
Johns Lyng Group Limited has announced that the Australian Securities and Investments Commission has registered the scheme booklet for a proposed scheme of arrangement. Under this scheme, Sherwood BidCo Pty Ltd will acquire 100% of the issued shares in Johns Lyng Group. The scheme booklet includes an Independent Expert’s Report by Kroll Australia, which deems the scheme fair and reasonable for shareholders. The Independent Directors of Johns Lyng Group recommend voting in favor of the scheme, provided no superior proposal arises.
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
Average Trading Volume: 2,420,504
Technical Sentiment Signal: Hold
Current Market Cap: A$1.11B
For an in-depth examination of JLG stock, go to TipRanks’ Overview page.