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Mad Paws Holdings Ltd. ( (AU:MPA) ) just unveiled an announcement.
Mad Paws Holdings Ltd. has announced the legal effectiveness of a scheme of arrangement where Rover Group, Inc. will acquire 100% of its issued share capital. Consequently, Mad Paws shares will be suspended from trading on the ASX, and shareholders will receive a cash consideration of $0.14 per share. This acquisition marks a significant milestone for Mad Paws, potentially enhancing its market position and offering new opportunities for growth within the pet services industry.
The most recent analyst rating on (AU:MPA) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Mad Paws Holdings Ltd. stock, see the AU:MPA Stock Forecast page.
More about Mad Paws Holdings Ltd.
Mad Paws operates Australia’s leading online pet ecosystem, connecting pet owners with a range of high-quality services. The company supports over 300,000 active pet owners and facilitated over 400,000 transactions last year, driven by the growth in pet ownership and spending in the $30 billion Australian pet market. Mad Paws offers a marketplace for booking pet sitting, walking, daycare, and grooming services, with 70,000 registered pet carers across Australia.
Average Trading Volume: 861,816
Technical Sentiment Signal: Buy
See more data about MPA stock on TipRanks’ Stock Analysis page.