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Silk Logistics Holdings Ltd. ( (AU:SLH) ) has provided an update.
Silk Logistics Holdings Ltd. announced that the Australian Competition and Consumer Commission has approved its acquisition by DP World Australia Limited, moving the scheme of arrangement forward. The acquisition is still subject to further approvals, including from the Foreign Investment Review Board and Silk shareholders, with the scheme meeting postponed and the end date extended to August 7, 2025.
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 Ltd. operates in the logistics industry, providing comprehensive logistics solutions. The company focuses on optimizing supply chain operations and enhancing efficiency for its clients.
Average Trading Volume: 54,436
Technical Sentiment Signal: Sell
Current Market Cap: A$137.4M
Learn more about SLH stock on TipRanks’ Stock Analysis page.