Australia's Diverger hits over 2-1/2-year high as Count sweetens buyout deal

Diverger

17/11/2023 01:09

** Shares of accounting co Diverger  DVR.AX  rise as much as
16.38% to A$1.350, their highest since Feb 22, 2021
    ** Co says suitor Count  CUP.AX  raised implied scheme
consideration for takeover offer to A$1.365 per share,
comprising A$0.400 in cash and 1.44 Count shares    
    ** Count had earlier offered A$0.367 in cash and 1.38 Count
shares 
    ** DVR stock fell on Wednesday after other suitor COG
Financial Services  COG.AX  withdrew its takeover offer
    ** DVR on track to gain more than 7% for the week - its
third straight weekly gain
    ** Trading volumes 2.5 times the 30-day avg of 93,033 shares
    ** Stock up ~19% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))