NZ's Bremworth soars most in over three decades on takeover by Mohawk Industries

Bremworth

02/10/2025 02:07

** Shares of carpet co Bremworth BRW.NZ rise as much as 49.2% to NZ$0.925, its biggest intraday pct gain since January 1991

** Co to be acquired by Mohawk Industries' MHK.N unit

** Offer price in the range of NZ$1.05 to NZ$1.15 per share represents up to 85% premium to co's closing level prior to announcement

** YTD, shares up 130.8%

($1 = 1.7200 New Zealand dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))