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Schibsted ASA ( (GB:0MHM) ) has issued an update.
Vend Marketplaces ASA has announced its intention to launch a tender offer to buy back approximately 13.5 million shares, with a fixed price set for A-shares and B-shares. This move aims to accelerate the buyback process following cash proceeds from Adevinta and the anticipated sale of Prisjakt, aligning with Vend’s capital allocation policy to return surplus cash to shareholders.
The most recent analyst rating on (GB:0MHM) stock is a Buy with a NOK364.00 price target. To see the full list of analyst forecasts on Schibsted ASA stock, see the GB:0MHM Stock Forecast page.
More about Schibsted ASA
Vend Marketplaces ASA is a leading Nordic company specializing in digital marketplaces across various sectors, including Mobility, Real Estate, Jobs, and Recommerce. The company focuses on creating sustainable value and fostering long-term growth for its stakeholders and society. Vend holds a 14% ownership in Adevinta, a company spun off in 2019.
Average Trading Volume: 194,346
Current Market Cap: NOK79.14B
See more insights into 0MHM stock on TipRanks’ Stock Analysis page.