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TPG Telecom Clarifies Erroneous ASX Announcement

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TPG Telecom Clarifies Erroneous ASX Announcement

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TPG Telecom Limited ( (AU:TPG) ) has shared an update.

TPG Telecom Limited announced that a previous announcement made by Infomedia Ltd regarding a scheme implementation agreement with McQueen BidCo Pty Ltd was mistakenly associated with TPG Telecom Limited by the ASX. This announcement was unrelated to TPG Telecom Limited and is being removed by ASX. As a result, trades in TPG that occurred prior to a trading pause will be canceled, and TPG will remain in a trading pause until further notice.

The most recent analyst rating on (AU:TPG) stock is a Sell with a A$4.30 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.

More about TPG Telecom Limited

Average Trading Volume: 1,047,743

Technical Sentiment Signal: Buy

Current Market Cap: A$10.19B

See more insights into TPG stock on TipRanks’ Stock Analysis page.

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