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The Reject Shop Announces Special Dividend Amid Acquisition by Dollarama

Story Highlights
  • The Reject Shop announces a special dividend of $0.77 per share, pending acquisition approval.
  • Shareholders to receive $6.68 per share, with major shareholder support for the acquisition scheme.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
The Reject Shop Announces Special Dividend Amid Acquisition by Dollarama

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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.

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