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Silk Logistics Holdings Ltd. ( (AU:SLH) ) has issued an announcement.
Silk Logistics Holdings Ltd. has announced that the Foreign Investment Review Board (FIRB) has granted approval for its acquisition by DP World Australia Limited. This approval satisfies a key condition for the proposed scheme of arrangement, which involves DP World acquiring all shares of Silk Logistics. The implementation of the scheme is still subject to further approvals from Silk shareholders and the Supreme Court of New South Wales. Silk plans to seek a new scheme meeting date and will update shareholders as more information becomes available.
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 supply chain solutions. The company focuses on offering services such as warehousing, distribution, and transportation, catering to various market segments in Australia.
Average Trading Volume: 98,259
Technical Sentiment Signal: Buy
Current Market Cap: A$171.2M
See more data about SLH stock on TipRanks’ Stock Analysis page.