Synlait Milk Ltd. (AU:SM1) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Synlait Milk Ltd. has announced the redemption of $168.8 million worth of subordinated bonds, following a change of control event. Bright Dairy Holding Limited’s increased stake to 65.25% triggered this redemption, leaving 11.2 million bonds outstanding. The redemption is set to be completed with a cash payment on November 13, 2024.
For further insights into AU:SM1 stock, check out TipRanks’ Stock Analysis page.