Australia's Boart Longyear up, buys Swedish scanning instruments maker

Boart Longyear

19/09/2023 03:05

** Drilling services provider Boart Longyear Group  BLY.AX 
jumps as much as 6.4% to A$1.490, their biggest intraday pct
gain since July 18
    ** BLY at its highest level since Aug. 31; set to gain for a
second straight session, if trend holds
    ** Says unit to buy Swedish XRF core scanning instruments
maker Minalyze AB for $29.3 mln
    ** Adds that transaction is expected to "capitalise on
synergies between Minalyze and Veracio's" technology and
scientific capabilities
    ** BLY down 25.7% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))