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Metro Performance Glass Ltd ( (AU:MPP) ) has issued an announcement.
Viridian NZ Bidco Limited has withdrawn its application to acquire Metro Performance Glass Ltd, following unresolved competition issues identified by the Commerce Commission. With this withdrawal, Metro Performance Glass can now concentrate on its business turnaround, supported by recent recapitalization and a new banking package, aiming to enhance shareholder value.
More about Metro Performance Glass Ltd
Metro Performance Glass Ltd operates in the glass processing industry, providing glass supply and installation services. The company is a key player in the markets where it competes closely with other firms, including Viridian.
Average Trading Volume: 166,662
Technical Sentiment Signal: Sell
Current Market Cap: A$39.02M
Find detailed analytics on MPP stock on TipRanks’ Stock Analysis page.