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Mad Paws Holdings Ltd. ( (AU:MPA) ) has issued an update.
The Supreme Court of New South Wales has approved a scheme of arrangement for Rover Group, Inc. to acquire 100% of Mad Paws Holdings Ltd. As a result, Mad Paws will lodge the court orders with ASIC, making the scheme legally effective and leading to the suspension of its shares from trading on the ASX. This acquisition marks a significant shift in Mad Paws’ operations, potentially enhancing its market position and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:MPA) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Mad Paws Holdings Ltd. stock, see the AU:MPA Stock Forecast page.
More about Mad Paws Holdings Ltd.
Mad Paws operates Australia’s leading online pet ecosystem, connecting pet owners with high-quality services. It supports over 300,000 active pet owners and facilitates over 400,000 transactions annually in the $30 billion Australian pet market. The platform offers services such as pet sitting, walking, daycare, and grooming, with 70,000 registered pet carers across Australia.
Average Trading Volume: 861,816
Technical Sentiment Signal: Buy
Find detailed analytics on MPA stock on TipRanks’ Stock Analysis page.