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Metro Glass Challenges Acquisition Bid’s Industry Claims

Story Highlights
  • Metro Performance Glass is a key player in the glass industry in New Zealand and Australia.
  • Metro disputes Viridian NZ BidCo’s acquisition claims, citing misleading industry portrayals.
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Metro Glass Challenges Acquisition Bid’s Industry Claims

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Metro Performance Glass Ltd ( (AU:MPP) ) has shared an announcement.

Metro Performance Glass Ltd has responded to an application by Viridian NZ BidCo Limited for clearance to acquire Metro, expressing concerns over misleading statements regarding the glass industry and Metro’s position. The company maintains that engaging with Crescent Capital’s proposal is not in the best interest of its shareholders, emphasizing the positive outlook of its Australian operations.

More about Metro Performance Glass Ltd

Metro Performance Glass Ltd operates in the glass industry, providing glass products and services primarily in New Zealand and Australia. The company is known for its significant contributions through its Australian subsidiary, AGG.

Average Trading Volume: 30,569

Technical Sentiment Signal: Sell

Current Market Cap: A$8.94M

For a thorough assessment of MPP stock, go to TipRanks’ Stock Analysis page.

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