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The latest announcement is out from Reject Shop Limited ( (AU:TRS) ).
The Reject Shop Limited has announced a proposed acquisition by Dollarama Inc. through a scheme of arrangement. The company’s board unanimously recommends shareholders vote in favor of the scheme, which offers $6.68 cash per share, exceeding the assessed value range of $4.80 to $5.24. The Independent Expert has deemed the scheme fair and reasonable, and the largest shareholder, Kin Group Pty Ltd, intends to support the proposal. This acquisition could significantly impact The Reject Shop’s operations and market positioning.
The most recent analyst rating on (AU:TRS) stock is a Hold with a A$3.70 price target. To see the full list of analyst forecasts on Reject Shop Limited stock, see the AU:TRS Stock Forecast page.
More about Reject Shop Limited
The Reject Shop Limited operates in the retail industry, primarily offering a variety of discount goods. The company focuses on providing affordable products to consumers, positioning itself as a budget-friendly option in the market.
Average Trading Volume: 181,990
Technical Sentiment Signal: Buy
Current Market Cap: A$245.5M
See more data about TRS stock on TipRanks’ Stock Analysis page.
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