Schrole Group Ltd. (AU:SCL) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Schrole Group Ltd has announced that its shareholders have overwhelmingly approved the acquisition of the company by TES Aus Global Pty Limited, with over 99% of votes in favor. The successful vote on the Scheme of Arrangement is contingent on final approval from the Supreme Court of Western Australia, which if granted, will see shareholders receive $0.4852 cash per share on September 30, 2024. Schrole shares will be suspended from trading post-effective date of the Scheme, anticipated to be on September 20, 2024.
For further insights into AU:SCL stock, check out TipRanks’ Stock Analysis page.