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Seek Limited ( (AU:SEK) ) has provided an update.
SEEK Limited announced that its proposal to acquire all shares of Xref Limited through a scheme of arrangement was not approved, as it did not meet the required 75% shareholder vote threshold, despite the Xref Board’s unanimous recommendation and an independent expert’s favorable assessment. As a result, SEEK and Xref have terminated the scheme implementation deed, with SEEK planning to explore other growth opportunities to achieve the intended benefits of the acquisition.
More about Seek Limited
SEEK Limited operates in the online employment marketplace industry, providing job search and recruitment services. It focuses on connecting job seekers with employers across various sectors, aiming to enhance recruitment efficiency and outcomes.
YTD Price Performance: 1.63%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5B
For an in-depth examination of SEK stock, go to TipRanks’ Stock Analysis page.
