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Emu NL ( (AU:EMU) ) has issued an update.
Emu NL, a company involved in a non-renounceable pro-rata entitlement offer, faced scrutiny from the Takeovers Panel regarding the timing of its offer and the discretion given to directors for shortfall placement. The Panel accepted Emu’s further undertaking and decided not to declare unacceptable circumstances, as Emu’s actions, including the repayment of a loan and decision not to issue any shortfall, addressed the Panel’s concerns.
More about Emu NL
Average Trading Volume: 382,871
Technical Sentiment Signal: Hold
Current Market Cap: A$11.12M
For detailed information about EMU stock, go to TipRanks’ Stock Analysis page.