Midway Gets Shareholder Nod for Acquisiton Proposal by RCM BidCo

MT Newswires Live

2025/01/30

Midway (ASX:MWY) said its shareholders voted in favor of RCM BidCo's proposed acquisition of all the issued capital of the company by way of a scheme of arrangement, according to a Thursday filing with the Australian bourse.

The scheme remains subject to court approval, and the second court hearing is scheduled for Feb. 4, the company said.

Midway's shares will be suspended from trading on the Australian Securities Exchange on Feb. 5, and the scheme is expected to be implemented on Feb. 18.

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