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Midway Ltd ( (AU:MWY) ) just unveiled an announcement.
Midway Limited has announced that the Federal Court of Australia has approved a scheme of arrangement for RCM BidCo Pty Ltd, backed by River Capital, to acquire all of Midway’s issued capital. Following this approval, Midway will suspend its trading on the ASX, with all conditions precedent to the scheme being satisfied or waived. This acquisition marks a significant change in Midway’s operational landscape, potentially enhancing its industry positioning and influencing stakeholder interests.
More about Midway Ltd
Founded in 1980, Midway Limited is one of Australia’s largest woodfibre processors and exporters, focusing on recyclable paper and packaging, plastic replacement products, and coal-replacing energy generation in Asia. The company is expanding into plantation carbon management to provide carbon abatement and emissions offsets, with operations at major ports across Australia.
YTD Price Performance: -1.38%
Average Trading Volume: 4,719
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €63.65M
For an in-depth examination of MWY stock, go to TipRanks’ Stock Analysis page.
