Midway Ltd (AU:MWY) has released an update.
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Midway Limited has entered into a Scheme Implementation Deed with River Capital, offering shareholders $1.19 per share, a 56% premium over the previous closing price. The proposal includes a special dividend, and major shareholders have expressed support, pending no superior offers. Shareholders are encouraged to vote in favor, with the transaction subject to customary conditions and approvals.
For further insights into AU:MWY stock, check out TipRanks’ Stock Analysis page.