Australia's Advance ZincTek gains on potential takeover offer

Advance Zinctek

11/10/2023 01:54

** Shares of Advance ZincTek  ANO.AX  up 4.5% at A$0.93, set
for best day since Oct 5 if gains hold
    ** Cosmetics manufacturer says Mizikovsky Group intends to
make a cash off-market takeover offer for 70% stake in co for
A$0.97/shr
    ** Offer price represents a 9% premium to stock's last
closing price
    ** ANO stock down 62.6% YTD, as of last close

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))