Australia's ClearView hits almost 2-year high, begins strategic review

Clearview Wealth

03/09/2021 02:04

** Shares of ClearView Wealth Ltd  CVW.AX  rise as much as
15.74% to A$0.625 - their highest since Oct 2019
    ** Stock is the biggest percentage gainer in the All
Ordinaries Index  .AORD 
    ** The financial services firm starts strategic review https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02417316-2A1321184?access_token=83ff96335c2d45a094df02a206a39ff4
 process after top shareholder Crescent Capital Partners advised
for it
    ** Review to assess co's strategic options to enhance
shareholders' value, including potential change of control
transactions
    ** Stock posts its biggest intra-day percentage gain since
March 2021 
    ** About 497,631 shares changed hands in the early market
hours, more than 6x their 30-day avg of 81,083 shares 
    ** Stock up 35% so far this year, as of last close 
    

 (Reporting by Dhriti Garg in Bengaluru)
 ((Dhriti.Garg@thomsonreuters.com))