Midway Ltd (AU:MWY) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Midway Limited has entered into a binding agreement with River Capital for a $1.19 per share buyout, marking a 56% premium over its previous trading price. The strategic move comes after significant progress in projects like the Geelong grain development and partnerships with entities such as Rio Tinto for biodiesel production. Additionally, Midway has strengthened its financial position by eliminating long-term debt and achieving a notable improvement in EBITDA for FY24.
For further insights into AU:MWY stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Here Is a Look into the Boeing (NYSE:BA) Contract Offers That Ended Its Strike
- What If Elon Musk Actually Did Buy the Comcast (NASDAQ:CMCSA) Channels?
- Long John Silver: Pirate, Mutineer, and Personal Finance Guru?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
