Australia's Diverger jumps most in nearly 3 years as Count acquires co

Diverger

22/09/2023 02:23

** Shares of Diverger Ltd  DVR.AX  rise as much as 19.6% to
A$1.070 - set for best day since Oct. 28, 2020 if gains hold
    ** Accounting firm says it has been acquired by Count Ltd
 CUP.AX  for A$45.3 mln ($29.03 mln)
    ** Under deal, Diverger shareholders will receive A$0.367
per share in cash and 1.38 Count shares per Diverger share held
    ** Per-share consideration represents a 27.4% premium to
stock's last closing price
    ** DVR stock hits highest level since Nov. 25, 2022
    ** More than 112,000 shares change hands, compared with the
30-day average volume of about 17,000 shares
    ** Stock has gained 10.9% so far this week, heading for its
best week since July 8; down 8.2% YTD, as of last close
    ** Count shares fall as much as 7.1% to A$0.520, lowest
since Aug. 25


($1 = 1.5605 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))