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SEQ Hospitality Clears Conditions for Eumundi Takeover Bid

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SEQ Hospitality Clears Conditions for Eumundi Takeover Bid

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Eumundi Group Limited ( (AU:EBG) ) just unveiled an update.

SEQ Hospitality Group Pty Ltd has announced that its off-market takeover bid for all the fully paid ordinary shares in Eumundi Group Limited is now free from several previous conditions, including those related to regulatory approvals and third-party consents. The takeover bid, which commenced in November 2024, still requires a 90% minimum acceptance and a scheme condition, with SEQ’s current voting power in Eumundi at 84.31%.

More about Eumundi Group Limited

YTD Price Performance: 0.90%

Average Trading Volume: 41,064

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$84.11M

For an in-depth examination of EBG stock, go to TipRanks’ Stock Analysis page.

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