Australia's Dusk Group rises after rejecting media reports of buyout offer

Dusk

08/12/2023 04:13

** Shares of Dusk Group  DSK.AX  rise as much as 8.5% to
A$1.025, hitting their highest level since Nov. 20
    ** Stock currently up 4.8%, to see best day since Dec. 4, if
gains hold
    ** Co addresses media speculation about a potential buyout
scheme of arrangement from Ord Minnett
    ** Says has not been approached by any prospective buyer or
advisor in relation to a privatisation or takeover
    ** Around 240,256 shares change hands, compared with the
30-day average volume of 182,306 shares
    ** Stock has fallen 46.3% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))