Australia's Eildon Capital gains most in over 2 years on plans to accept sweetened takeover bid

Eildon Capital

03/10/2025 05:58

** Shares of real estate investment and funds manager Eildon Capital EDC.AX rise 12.2% to A$0.87, on track for best day since April 2023, if gains hold

** Stock marks highest level since May 15

** Co says independent board committee intends to recommend accepting takeover from private co Samuel Terry Asset Management

** Bid price raised to A$0.875 per share from A$0.8

** Stock down 5.4% YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))