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State Street Corporation Acquires Substantial Holding in Service Stream Limited

Story Highlights
  • State Street Corporation gains significant voting power in Service Stream Limited.
  • This acquisition may influence Service Stream’s operational strategies and market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
State Street Corporation Acquires Substantial Holding in Service Stream Limited

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Service Stream Limited ( (AU:SSM) ) has shared an announcement.

Service Stream Limited has announced that a substantial holder, State Street Corporation and its subsidiaries, have acquired a significant voting power in the company. This development indicates a strategic move by State Street to influence the company’s decision-making process, potentially impacting its operational strategies and market positioning.

The most recent analyst rating on (AU:SSM) stock is a Buy with a A$1.68 price target. To see the full list of analyst forecasts on Service Stream Limited stock, see the AU:SSM Stock Forecast page.

More about Service Stream Limited

Average Trading Volume: 2,704,769

Technical Sentiment Signal: Buy

Current Market Cap: A$1.2B

For a thorough assessment of SSM stock, go to TipRanks’ Stock Analysis page.

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