Australia's Cardno eyes best day in over 3 months on announcing strategic review

Cardno

09/06/2021 01:34

** Shares of Cardno Ltd  CDD.AX  rise as much as 16.6% to
A$0.845, their biggest intraday pct gain since March 2
    ** The construction and engineering firm decides to commence
a strategic review process after it got a number of unsolicited
approaches from interested parties  urn:newsml:reuters.com:*:nASX1cNw2X
    ** Says the process will involve an assessment of co's
strategic options and alternative strategies for its
shareholders
    ** Stock has more than doubled in value this year, as of
last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))