Australia's Aspen Group rises on launching takeover offer for Eureka Group

Eureka group

23/01/2024 02:45

** Shares of Aspen Group  APZ.AX  rise as much as 3% to
A$1.700, posting their biggest intraday pct gain since Jan 16 
    ** Real estate rental firm says it has made an off-market
takeover offer for property manager Eureka Group Holdings
 EGH.AX  
    ** Aspen Group has offered A$0.26 APZ securities per EGH
share
    ** EGH shares down as much as 1.1% to A$0.445
    ** More than 63,700 Aspen Group shares change hands,
compared with the 30-day average volume of about 58,600 shares
    ** Stock fell 13.3% last year 

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))