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The latest update is out from Clean Seas Seafood Limited ( (AU:CSS) ).
Clean Seas Seafood Limited has announced a significant development regarding its acquisition by Yumbah Aquaculture Ltd. The Federal Court of Australia has ordered a meeting for Clean Seas shareholders to vote on the proposed scheme of arrangement, where Yumbah will acquire all shares of Clean Seas. The outcome of this meeting, scheduled for June 23, 2025, will determine if the court will approve the scheme in a subsequent hearing. This acquisition could potentially impact Clean Seas’ operations and market positioning, aligning it with Yumbah’s strategic objectives.
The most recent analyst rating on (AU:CSS) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Clean Seas Seafood Limited stock, see the AU:CSS Stock Forecast page.
More about Clean Seas Seafood Limited
Clean Seas Seafood Limited operates in the aquaculture industry, focusing on the production and sale of seafood products. The company is known for its sustainable practices and market focus on high-quality seafood offerings.
Average Trading Volume: 271,203
Technical Sentiment Signal: Sell
Current Market Cap: A$28.18M
See more insights into CSS stock on TipRanks’ Stock Analysis page.