East 33 Limited (AU:E33) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Yumbah Aquaculture Limited has extended its unconditional takeover offer for East 33 Limited until 31 October 2024, maintaining its final offer price at $0.022 per share. Already holding a 76.13% stake in East 33, Yumbah aims to acquire the rest and, if successful, will remove the company from the ASX and potentially proceed with a compulsory acquisition. The Independent Board Committee of East 33 continues to recommend that shareholders accept the offer, citing risks associated with remaining in a delisted, Yumbah-controlled company.
For further insights into AU:E33 stock, check out TipRanks’ Stock Analysis page.