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Keybridge Capital Limited ( (AU:KBC) ) has issued an update.
Yowie Group Limited has decided not to proceed with its off-market takeover bid for all ordinary shares in Keybridge Capital Limited. This decision follows an extraordinary general meeting that triggered a condition in the bid, leading Yowie to conclude that continuing with the bid would be futile due to a breached condition. This move may affect Yowie’s strategic positioning and stakeholder interests as it reassesses its acquisition strategy.
More about Keybridge Capital Limited
Yowie Group Ltd is a global brand licensing and chocolate manufacturing business that focuses on consumer products aimed at promoting environmental education through its Yowie characters. The company leverages its intellectual property to produce and distribute Yowie chocolate confectionery and develop a digital platform and branded consumer products, with a focus on expanding in North America and ANZ.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.72M
Find detailed analytics on KBC stock on TipRanks’ Stock Analysis page.