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360 Capital Group Limited ( (AU:TGP) ) just unveiled an update.
TT Investments Pty Limited, as trustee for TT Investments Trust, has moved to compulsorily acquire all remaining stapled securities in 360 Capital Group following its on‑market takeover bid. Having reached the relevant ownership threshold under Australian corporations law, TT Investments has lodged a compulsory acquisition notice with ASIC and will send corresponding documentation to securityholders who have not accepted the offer, effectively finalising its full takeover of the group and transitioning remaining investors out of their holdings.
The most recent analyst rating on (AU:TGP) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on 360 Capital Group Limited stock, see the AU:TGP Stock Forecast page.
More about 360 Capital Group Limited
360 Capital Group is an ASX-listed investment group structured as stapled securities comprising shares in 360 Capital Group Limited and units in 360 Capital Investment Trust. The group operates in the investment and funds management sector, focusing on capital management and investment vehicles for institutional and retail investors in Australia.
Average Trading Volume: 903,590
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$57.6M
For an in-depth examination of TGP stock, go to TipRanks’ Overview page.