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Megaport ( (AU:MP1) ) has shared an update.
Megaport Limited has announced its acquisition of Latitude.sh entities for a total consideration of up to US$300 million, with US$150 million upfront and the remainder contingent on performance milestones. The company received a waiver from ASX Listing Rule 7.3.4, allowing it to seek shareholder approval for issuing contingent consideration shares at a single meeting, simplifying the process and potentially enhancing its strategic positioning in the market.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$20.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
More about Megaport
Megaport Limited is a company operating in the technology industry, specializing in network services. It focuses on providing scalable, on-demand connectivity solutions to businesses, facilitating efficient data transfer across various locations and cloud services.
Average Trading Volume: 715,099
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.4B
For an in-depth examination of MP1 stock, go to TipRanks’ Overview page.