Silk Logistics Updates on Acquisition Scheme Meeting

Silk Logistics Holdings Ltd. ( (AU:SLH) ) has shared an update.

Silk Logistics Holdings Limited announced an update regarding the proposed acquisition by DP World Australia Limited. The Australian Competition and Consumer Commission’s decision on the acquisition is expected after the initially scheduled Scheme Meeting date. Consequently, Silk intends to seek a postponement of the Scheme Meeting from the Supreme Court of New South Wales, with a new date to be announced later. This delay highlights the procedural complexities involved in the acquisition process and may impact the timeline for 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 delivering efficient logistics services, which include warehousing, distribution, and transportation, catering to various market needs.

Average Trading Volume: 84,517

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$122.3M

Learn more about SLH stock on TipRanks’ Stock Analysis page.