Metro Performance Glass Ltd (AU:MPP) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Metro Performance Glass Ltd has received an acquisition proposal from CCP VI Bidco, a competitor managed by Crescent Capital Partners, offering 8 cents per share. While the directors are open to exploring options, they express concerns about regulatory approvals and the risks associated with due diligence by a competitor, making the proposal’s success uncertain. The board is taking advice and will further consider the proposal before making a final decision.
For further insights into AU:MPP stock, check out TipRanks’ Stock Analysis page.