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Silk Logistics Holdings Ltd. ( (AU:SLH) ) has provided an update.
Silk Logistics Holdings Limited has announced a proposed acquisition by DP World Australia Limited through a scheme of arrangement. The Supreme Court of New South Wales has set a date for a shareholder meeting to vote on the scheme and approved the distribution of a supplementary scheme booklet. This development is significant for Silk Logistics, as it could impact its operational dynamics and market positioning, with potential implications for its stakeholders.
The most recent analyst rating on (AU:SLH) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Silk Logistics Holdings Ltd. stock, see the AU:SLH Stock Forecast page.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Limited operates in the logistics industry, providing comprehensive supply chain solutions. The company focuses on offering services such as warehousing, distribution, and freight forwarding, primarily targeting the Australian market.
Average Trading Volume: 103,009
Technical Sentiment Signal: Buy
Current Market Cap: A$172.1M
For an in-depth examination of SLH stock, go to TipRanks’ Overview page.