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Mad Paws Holdings Ltd. ( (AU:MPA) ) just unveiled an announcement.
Mad Paws Holdings Ltd. has completed the divestment of its Pet Chemist business as part of its binding Scheme Implementation Deed with Rover Group, Inc., which involves Rover acquiring all shares of Mad Paws. This divestment, along with the closure of Sash and Waggly e-commerce businesses, is a condition for the scheme’s implementation. Proceeds from the divestment have been used to repay a $2 million debt facility. Additionally, Howard Humphreys will resign as executive director but continue as CEO of Pet Chemist. The company plans to hold a Scheme meeting in October 2025, with implementation expected by November 2025, pending shareholder approval and other conditions.
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 Holdings Ltd. operates Australia’s leading online pet ecosystem, connecting pet owners with a range of high-quality services and products. The company supports over 300,000 active pet owners and facilitated over 400,000 transactions last year. It offers a marketplace for pet sitting, walking, daycare, and grooming services, with 70,000 registered pet carers across Australia. Mad Paws also runs an e-commerce division providing pet healthcare, nutrition, medication, treats, and specialty items under brands like Pet Chemist, Waggly, and Sash.
Average Trading Volume: 1,899,043
Technical Sentiment Signal: Buy
For an in-depth examination of MPA stock, go to TipRanks’ Overview page.