GTN Ltd. (AU:GTN) has released an update.
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Viburnum Holdings has significantly increased its stake in GTN Limited, now holding 69.23% of its ordinary shares, up from 53.35%. This acquisition comes as a result of Viburnum’s takeover offer, with shares valued at $0.465 each. Investors keen on market movements may find this strategic move by Viburnum indicative of potential future developments in GTN’s market position.
For further insights into AU:GTN stock, check out TipRanks’ Stock Analysis page.