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Close the Loop Ltd. ( (AU:CLG) ) has provided an announcement.
Close the Loop Ltd has terminated discussions with Adamantem Capital regarding a potential acquisition, citing inability to agree on commercial terms. The company remains optimistic about its standalone strategic plan, especially in IT refurbishment, while remaining open to future proposals. In its 1H25 trading update, the company expects revenue to be consistent with the previous period, but EBITDA is projected at $11m-$13m due to a temporary business mix shift and delayed facility opening, with resolutions anticipated soon.
More about Close the Loop Ltd.
Close the Loop Ltd is a global leader in the circular economy, focusing on sustainability and expansion. With operations across the United States, Australia, South Africa, and Europe, the company refurbishes electronics like laptops and printers, provides sustainable packaging solutions, and aims for ‘Zero Waste to Landfill’.
YTD Price Performance: -17.02%
Average Trading Volume: 1,047,478
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$103.7M
Learn more about CLG stock on TipRanks’ Stock Analysis page.
