Tanfield (GB:TAN) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Tanfield Group PLC has updated the market on its 49% investment in Snorkel International Holdings LLC, currently valued at £19.1m, which is subject to ongoing U.S. legal proceedings that may affect this valuation. The company has faced delays in receiving financial accounts from Snorkel and has taken legal actions to enforce its rights, with a court ordering Snorkel to produce the overdue accounts. The anticipated jury trial may be rescheduled due to delays, potentially pushing it back by 3-6 months.
For further insights into GB:TAN stock, check out TipRanks’ Stock Analysis page.