Trading Halted as Infomedia’s $1.72-Per-Share Acquisition Gains Court Approval
Infomedia Ltd’s acquisition by McQueen BidCo, backed by TPG Capital, has been legally approved, triggering trading suspension and scheduled shareholder payments.
- Scheme of arrangement approved by NSW Supreme Court
- Trading of Infomedia shares suspended from 21 November 2025
- Special fully franked dividend of 2.9 cents per share to be paid 28 November
- Scheme consideration payment of $1.671 per share expected 3 December
- Acquisition led by Singapore-based entity managed by TPG Capital
Legal Approval Secures Acquisition
Infomedia Ltd (ASX – IFM) has reached a pivotal milestone in its acquisition journey, with the Supreme Court of New South Wales granting formal approval to the scheme of arrangement proposed by McQueen BidCo Pty Ltd. This legal endorsement, lodged with the Australian Securities and Investments Commission, marks the transaction as legally effective, setting the stage for significant changes in Infomedia’s shareholder landscape.
Trading Suspension and Shareholder Impact
Following the court’s approval, trading of Infomedia shares on the ASX was suspended at the close of trading on 21 November 2025. This suspension reflects the transition phase as ownership transfers to the acquiring entity, which is managed by TPG Capital’s Singapore-based investment holding company. Shareholders are now awaiting the scheduled payments that accompany this transition.
Dividend and Scheme Consideration Payments
Infomedia shareholders will receive a fully franked special dividend of 2.9 cents per share, payable on 28 November 2025 to those holding shares as of 7 – 00 pm on 25 November. This dividend is in addition to the previously paid FY25 dividend of 2 cents per share. Subsequently, on 3 December 2025, shareholders will be paid the scheme consideration amounting to $1.671 per share. This figure reflects the agreed acquisition price of $1.72 per share, adjusted downward by the aggregate dividends paid, ensuring shareholders receive the full value of the transaction.
Strategic Implications and Market Outlook
The acquisition by McQueen BidCo, under the stewardship of TPG Capital, signals a strategic shift for Infomedia, a player in the technology and software services sector. While details on post-acquisition plans remain under wraps, the completion of this deal removes Infomedia from public trading, potentially allowing for more agile decision-making away from market pressures. Investors and analysts will be closely watching for any forthcoming announcements regarding operational changes or integration strategies.
Next Steps for Shareholders and Market Participants
Shareholders should prepare for the upcoming dividend and scheme consideration payments and note the suspension of trading. The company has provided dedicated contact lines for shareholder inquiries, underscoring the importance of clear communication during this transition. Market participants will need to adjust their models and expectations to reflect Infomedia’s new private ownership status and the financial outcomes of this transaction.
Bottom Line?
With the acquisition now legally effective and payments imminent, Infomedia’s next chapter as a private entity begins, investors await clarity on future strategic direction.
Questions in the middle?
- What are TPG Capital’s strategic plans for Infomedia post-acquisition?
- How will the suspension of trading affect liquidity and valuation for former shareholders?
- Will there be any management or operational changes announced following the scheme implementation?