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Reject Shop Limited ( (AU:TRS) ) has shared an update.
The Reject Shop Limited has announced that its acquisition by Dollarama Inc., via its subsidiary Dollarama International Inc., has been legally approved by the Federal Court of Australia. As a result, trading of Reject Shop shares on the ASX will be suspended. Shareholders will receive a special dividend and a scheme consideration as part of the transaction, marking a significant change in ownership and potentially impacting the company’s market operations and stakeholder interests.
The most recent analyst rating on (AU:TRS) stock is a Hold with a A$3.70 price target. To see the full list of analyst forecasts on Reject Shop Limited stock, see the AU:TRS Stock Forecast page.
More about Reject Shop Limited
The Reject Shop Limited operates in the retail industry, primarily focusing on offering a wide range of discounted general merchandise. The company targets cost-conscious consumers in Australia, providing products such as homewares, cosmetics, and personal care items.
Average Trading Volume: 165,227
Technical Sentiment Signal: Buy
Current Market Cap: A$249.6M
For a thorough assessment of TRS stock, go to TipRanks’ Stock Analysis page.