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Morgan Stanley Acquires Substantial Stake in Imdex Ltd

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Morgan Stanley Acquires Substantial Stake in Imdex Ltd

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Imdex Ltd ( (AU:IMD) ) has issued an announcement.

Morgan Stanley and its subsidiaries have become substantial holders in Imdex Ltd, acquiring a 5.02% voting power with 25,682,080 ordinary shares. This acquisition highlights Morgan Stanley’s strategic interest in Imdex, potentially influencing the company’s market dynamics and stakeholder interests.

The most recent analyst rating on (AU:IMD) stock is a Buy with a A$2.25 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.

More about Imdex Ltd

Average Trading Volume: 1,076,950

Technical Sentiment Signal: Buy

Current Market Cap: A$1.37B

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

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