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Lynch Group Holding Ltd ( (AU:LGL) ) has provided an update.
Lynch Group Holdings Limited (ASX: LGL) announced that its securities will be suspended from quotation following the approval of a scheme of arrangement by the Federal Court of Australia. This arrangement will allow Darwin Aus Bidco Pty Ltd to acquire all issued shares in LGL, marking a significant transition in the company’s ownership structure.
The most recent analyst rating on (AU:LGL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Lynch Group Holding Ltd stock, see the AU:LGL Stock Forecast page.
More about Lynch Group Holding Ltd
Average Trading Volume: 69,899
Technical Sentiment Signal: Buy
Current Market Cap: A$262.4M
For a thorough assessment of LGL stock, go to TipRanks’ Stock Analysis page.