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Midway Ltd ( (AU:MWY) ) has provided an update.
Midway Limited has announced an update regarding the proposal for RCM BidCo Pty Ltd to acquire all ordinary shares of the company through a scheme of arrangement. Shareholders are expected to vote on this Scheme on January 30, 2025, and a subsequent court hearing for approval is scheduled for February 4, 2025. Shareholders have the right to oppose the approval at the court hearing, which could impact the acquisition process. This development is significant for Midway’s operations and market positioning, as it may lead to changes in ownership and strategy, affecting stakeholders and potentially altering its current trajectory.
More about Midway Ltd
Midway Limited, established in 1980, is a leading Australian woodfibre processor and exporter with a robust presence in plantation and carbon management. The company’s woodfibre is utilized in recyclable paper, packaging, plastic replacement products, and energy generation in Asia. Midway operates woodchip processing and exporting facilities at five major Australian ports and is expanding its plantation carbon management business for carbon abatement and emissions offsets.
YTD Price Performance: 0.0%
Average Trading Volume: 5,229
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €64.11M
Find detailed analytics on MWY stock on TipRanks’ Stock Analysis page.
