Costa Group jumps most in 1-1/2 yrs on share acquisition by Paine Schwartz Partners

Costa group

26/10/2022 01:46

** Shares of horticulture co Costa Group Holdings  CGC.AX 
rise as much as 13.5% to A$2.53, eyeing their best session since
Feb. 22, 2021
    ** CGC notes entity managed by Paine Schwartz Partners
notified ASX that it has obtained relevant interest in 13.78% of
issued securities of co
    ** Paine Schwartz indicated to investors that it was seeking
to acquire about 15% interest through after-market acquisition
at A$2.60 per share- CGC
    ** Shares hit their highest levels since Sept. 23
    ** Stock is the biggest percentage gainer on the benchmark
S&P/ASX 200  .AXJO  index
    ** Stock down ~26.4% this year as of last close
 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))