Schrole Group Ltd. (AU:SCL) has released an update.
Schrole Group Ltd is on the cusp of a significant change as shareholders convene to vote on a Scheme of Arrangement, where TES Aus Global Pty Limited aims to acquire all Schrole’s issued ordinary shares. If approved, shareholders will receive $0.4852 per share, a substantial premium over recent trading prices. The Board has unanimously recommended shareholders to vote in favor of the scheme, which, if implemented, will see Schrole delisted from the ASX and become a TES-owned entity.
For further insights into AU:SCL stock, check out TipRanks’ Stock Analysis page.
