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An update from Midway Ltd ( (AU:MWY) ) is now available.
Midway Limited has confirmed the legal effectivity of its Scheme of Arrangement, which facilitates the acquisition of its entire issued capital by RCM BidCo Pty Ltd, a River Capital Pty Ltd entity. Consequently, Midway’s shares will be suspended from trading on the ASX, with shareholders set to receive cash consideration and a special dividend by February 18, 2025. This move may significantly impact Midway’s market positioning and stakeholder interests.
More about Midway Ltd
Founded in 1980, Midway Limited is one of Australia’s largest woodfibre processors and exporters. The company is involved in plantation and carbon management, providing recyclable paper, packaging, plastic replacement products, and energy generation solutions in Asia. Midway operates woodchip processing and exporting at major ports across Australia.
YTD Price Performance: 0.0%
Average Trading Volume: 4,425
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €64.35M
For detailed information about MWY stock, go to TipRanks’ Stock Analysis page.
