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Reject Shop Limited ( (AU:TRS) ) has provided an announcement.
The Reject Shop Limited has announced a special dividend of $0.77 per share, contingent on the approval of its acquisition by Dollarama Inc. through a scheme of arrangement. This acquisition will result in shareholders receiving a total transaction consideration of $6.68 per share, combining the scheme consideration and the special dividend. The board recommends shareholders vote in favor of the scheme, supported by major shareholder Kin Group Pty Ltd, which holds 20.7% of the shares. The Australian Taxation Office has issued a draft class ruling on the special dividend, with a final ruling pending post-implementation.
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, focusing on providing a variety of consumer goods at discounted prices. It is known for offering a wide range of products including household items, personal care products, and seasonal merchandise, catering primarily to budget-conscious consumers in Australia.
Average Trading Volume: 194,496
Technical Sentiment Signal: Buy
Current Market Cap: A$247M
See more data about TRS stock on TipRanks’ Stock Analysis page.