Aussie cab operator A2B hits 3-yr high after $124 mln buyout offer

ComfortDelGro

22/12/2023 02:21

** Shares of A2B Australia  A2B.AX  rise as much as 25.5% to
A$2.24 to hit their highest since Dec 2018
    ** Singapore-listed transport firm ComfortDelGro  CMDG.SI 
makes A$182 mln ($123.58 mln) takeover offer for the Aussie cab
operator
    ** Says ComfortDelGro's Aussie unit would acquire A2B for
A$1.45 per share offer
    ** Stock eyes best day since April 2020, if gains hold
    ** Stock has risen 68.4% this year, as of last close


($1 = 1.4728 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))