PropertyGuru Shareholders Approve Merger Agreement With Hedychium Group; Merger Expected To Close In Q4 2024 Or Q1 2025, After Which PropertyGuru Will Become A Private Company
Portfolio Pulse from Benzinga Newsdesk
PropertyGuru shareholders have approved a merger agreement with Hedychium Group. The merger is expected to close in Q4 2024 or Q1 2025, after which PropertyGuru will become a private company.
October 09, 2024 | 8:17 pm
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PropertyGuru's merger with Hedychium Group has been approved by shareholders, with the deal expected to close by Q1 2025. This will result in PropertyGuru becoming a private company.
The approval of the merger by shareholders is a significant step towards the completion of the deal. The transition to a private company could lead to a short-term increase in PGRU's stock price as investors anticipate the buyout. The timeline for the merger's completion provides a clear horizon for investors.
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