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Johns Lyng Group Ltd ( (AU:JLG) ) has shared an announcement.
Johns Lyng Group Limited announced a significant development regarding its acquisition by Sherwood BidCo Pty Ltd, a company managed by Pacific Equity Partners. The acquisition will be executed through a scheme of arrangement, where Sherwood BidCo will acquire all issued shares of Johns Lyng Group. This move is expected to impact the company’s operations as it transitions under new ownership, potentially influencing its market positioning and stakeholder interests. The results of the scheme meetings, crucial for the approval of this acquisition, will be announced shortly after their conclusion.
The most recent analyst rating on (AU:JLG) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Johns Lyng Group Ltd stock, see the AU:JLG Stock Forecast page.
More about Johns Lyng Group Ltd
Johns Lyng Group Limited operates in the construction and building services industry, providing services such as insurance building and restoration, commercial building, and strata services. The company focuses on delivering high-quality solutions to clients across various sectors, including insurance, government, and commercial markets.
Average Trading Volume: 2,246,359
Technical Sentiment Signal: Hold
Current Market Cap: A$1.13B
For detailed information about JLG stock, go to TipRanks’ Stock Analysis page.