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Reject Shop Limited ( (AU:TRS) ) just unveiled an update.
The Reject Shop Limited has received court approval to convene a meeting for its shareholders to vote on a proposed acquisition by Dollarama Inc. through a scheme of arrangement. The board of The Reject Shop recommends shareholders vote in favor of the scheme, with the largest shareholder, Kin Group Pty Ltd, also intending to support the proposal. The scheme meeting will be held virtually, and shareholders are encouraged to participate and vote.
The most recent analyst rating on (AU:TRS) stock is a Hold with a A$3.70 price target. To see the full list of analyst forecasts on Reject Shop Limited stock, see the AU:TRS Stock Forecast page.
More about Reject Shop Limited
The Reject Shop Limited is a retail company based in Australia, primarily operating in the discount variety store sector. It offers a wide range of products including everyday essentials, homewares, and seasonal merchandise, focusing on providing value for money to its customers.
Average Trading Volume: 183,620
Technical Sentiment Signal: Buy
Current Market Cap: A$246.6M
Learn more about TRS stock on TipRanks’ Stock Analysis page.