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Lynch Group Holding Ltd ( (AU:LGL) ) just unveiled an announcement.
Lynch Group Holdings Limited has entered into a Scheme Implementation Agreement with Hasfarm Holdings Limited and Darwin Aus Bidco Pty Ltd, under which Hasfarm Bidco will acquire 100% of Lynch’s shares via a scheme of arrangement. Lynch shareholders will receive $2.245 per share in cash, representing a significant premium over recent average share prices. The Board of Lynch recommends shareholders vote in favor of the Scheme, which is subject to customary conditions, including shareholder and court approvals. The acquisition, backed by TPG Capital Asia, implies an equity value of $280 million for Lynch, potentially enhancing its market positioning and providing value to shareholders.
The most recent analyst rating on (AU:LGL) stock is a Hold with a A$2.00 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 plants. The company is known for its extensive range of floral products and services, catering primarily to the retail and wholesale markets.
Average Trading Volume: 10,331
Technical Sentiment Signal: Buy
Current Market Cap: A$219.7M
See more insights into LGL stock on TipRanks’ Stock Analysis page.