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The latest update is out from Yowie Group ( (AU:YOW) ).
Yowie Group has announced an intention to make an off-market takeover bid for Keybridge Capital Limited, offering one Yowie share for each Keybridge share. The bid is contingent upon no changes to the Yowie board composition before the end of the offer period. However, Keybridge has called a meeting to potentially change the Yowie board, which has led to a conflict involving WAM Nominee Directors who are seen as insiders with significant influence over Keybridge’s decisions. The President declined to make interim orders to prevent Keybridge from voting at the Yowie Shareholder Meeting, citing the late stage of the request and potential prejudice to Keybridge as a major shareholder in Yowie.
More about Yowie Group
YTD Price Performance: -44.00%
Technical Sentiment Signal: Sell
Current Market Cap: A$3.21M
See more data about YOW stock on TipRanks’ Stock Analysis page.