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Washington H. Soul Pattinson and Co. ( (AU:SOL) ) has provided an announcement.
Soul Patts announced that its shareholders have approved a selective buy-back resolution to extinguish the cross shareholding between itself and Pre-merger Soul Patts, a move following its recent merger with Brickworks Limited. This decision, passed via a special resolution, is expected to streamline the company’s operations and potentially enhance shareholder value by simplifying its corporate structure.
The most recent analyst rating on (AU:SOL) stock is a Hold with a A$43.15 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.
More about Washington H. Soul Pattinson and Co.
Washington H. Soul Pattinson and Company Limited, known as Soul Patts, is an Australian public company listed on the ASX. Originally established with a focus on Australian pharmacies, it has evolved into a diversified investment house with a portfolio spanning listed equities, private markets, credit, and property. The company aims to deliver superior returns through capital growth and regular dividends.
Average Trading Volume: 716,615
Technical Sentiment Signal: Buy
Current Market Cap: A$14.74B
For detailed information about SOL stock, go to TipRanks’ Stock Analysis page.