Australia's DataDot Technology rises; co appoints CEO, suitor drops bid
24/05/2019 05:17
** Shares of asset protection software developer DataDot
Technology Ltd DDT.AX rise as much as 12.5% to A$0.009
** Co appoints https://www.asx.com.au/asxpdf/20190524/pdf/445bw2qgc1l9tn.pdf
Duncan Maclean as CEO; says Maclean has over 20 years of
experience in consumer goods and retail industry, with senior
executive positions in Germany's ALDI Inc ALDIEI.UL ,
Westfield, Spotlight, among others
** Separately, food processing co Beston Global Food Company
Ltd BFC.AX says https://www.asx.com.au/asxpdf/20190524/pdf/445bqkjxs0qjnv.pdf
it is discontinuing plans of a possible merger of its unit with
DataDot
** Beston says it has agreed with new management of DataDot
to enter negotiations for commercial arrangements between both
companies
** Shares of Beston up as much as 8.7% amid drop of 0.4% on
broader S&P/ ASX 200 index .AXJO at 0407 GMT
** DataDot stock set for second straight session of gains;
Friday's
** Stock has risen more than 3-fold this year, as of last
close
((Rashmi.Ashok@thomsonreuters.com; +918067491689; Reuters
Messaging: rashmi.ashok.thomsonreuters.com@reuters.net))