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BSA — BSA News Story

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Australia's BSA rises to over 2-month high on Eonetics acquisition

BUZZ-Australia's BSA rises to over 2-month high on Eonetics acquisition

** Shares of BSA BSA.AX rise as much as 38.2% to A$0.38, their highest level since July 22

** Stock on track to log its best session since March 2, if gains hold

** The telco services provider says it is in advanced discussions to buy aerial infrastructure technology company Eonetics

** The total consideration for the proposed acquisition under the agreement includes 50 million BSA shares at a deemed issue price of A$0.35 each, others

** BSA says all sellers, except CCGF Ventures-FZCO, have executed agreements to sell their Eonetics shares

** CCGF Ventures-FZCO, a proposed seller, has yet to execute the agreement

** Sellers refer to parties holding stakes in Eonetics

** About 1.3 million BSA shares change hands, 14.1 times the 30-day avg

** Stock up 97% YTD, including the session's moves


(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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