Eildon Capital eyes best day ever on premium takeover offer

Eildon Capital

24/04/2023 02:24

** Shares of Australia's Eildon Capital Ltd  EDC.AX  rise as
much as 20.3% to A$0.95, eyeing best day ever, if current gains
hold 
    ** Stock hits highest since Aug. 22, 2022
    ** Real estate investment co says Samuel Terry Absolute
Return Active Fund has made a off-market takeover bid for the
group's securities at a price of A$0.93 per security of co 
    ** The offer price is about 14% premium to the company's
last close price of A$0.790   
    ** Stock has fallen about 6% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))