Aussie Damstra Holdings rises most in 2 months on takeover reconfirmation

Damstra Holdings

22/12/2023 03:09

** Shares of Damstra Holdings  DTC.AX  rise as much as 13.2%
to A$0.215, their highest since Nov. 9
    ** Stock on track for best day since Oct. 25, if gains hold
    ** Software services provider says Ideagen Ltd. reconfirmed
non-binding proposal to acquire 100% of DTC's shares for
A$0.27/shr
    ** Co says parties have therefore agreed to extend Ideagen’s
exclusivity to 25 Jan. 2024
    ** Stock up ~46% this year, as of last close

 (Reporting by Shivangi Lahiri)
 ((shivangi.lahiri@thomsonreuters.com))