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An announcement from Lynch Group Holding Ltd ( (AU:LGL) ) is now available.
Lynch Group Holdings Limited announced that its shareholders have approved the acquisition of all company shares by Darwin Aus Bidco Pty Ltd through a scheme of arrangement. The resolution received overwhelming support, with 99.94% of votes cast in favor. The scheme is pending final court approval, expected to be granted on 27 November 2025, after which Lynch shares will be suspended from trading on the ASX, and the scheme will be implemented on 9 December 2025. This acquisition marks a significant transition for Lynch, potentially impacting its market operations and stakeholder interests.
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
Lynch Group Holdings Limited operates in the floral industry, focusing on the production and distribution of flowers and potted plants. The company serves both retail and wholesale markets, providing a range of floral products to consumers and businesses.
Average Trading Volume: 113,861
Technical Sentiment Signal: Buy
Current Market Cap: A$261.2M
See more data about LGL stock on TipRanks’ Stock Analysis page.