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The latest update is out from Midway Ltd ( (AU:MWY) ).
Midway Limited has implemented a scheme of arrangement under which RCM BidCo Pty Ltd, controlled by River Capital Pty Ltd, has acquired all issued capital of Midway. As a result, BidCo now holds all the ordinary shares in Midway, with shareholders receiving cash consideration and a special dividend. Significant changes in the board of directors have occurred, and the company plans to delist from the Australian Securities Exchange.
More about Midway Ltd
Founded in 1980, Midway Limited is one of Australia’s largest woodfibre processors and exporters. The company has a strong focus on plantation and carbon management, with its fibre being used in recyclable paper and packaging, plastic replacement products, and energy generation in Asia. Midway operates woodchip processing and exporting operations at five major port locations across Australia.
Average Trading Volume: 4,425
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €64.09M
Find detailed analytics on MWY stock on TipRanks’ Stock Analysis page.
