Australia's Fatfish eyes best day in nearly 4 months on BNPL Next buyout

Fatfish

11/06/2021 02:41

** Shares of Fatfish Group  FFG.AX  skyrocket as much as
31.6% to A$0.100, their biggest intraday percentage gain since
Feb. 17
    ** The venture investment firm says co to buy corporate and
consumer financial services provider BNPL Next Ltd  urn:newsml:reuters.com:*:nASX9yXZQ2
    ** Says acquisition for consideration of A$4.14 mln($3.21
mln)
    ** Says transaction will be subject to shareholders'
approval and is expected to be completed by July 30 
    ** Stock hits its highest level since May 12 
    ** Nearly 24.4 mln shares change hands, vs the 30-day
average volume of 3.7 mln shares
    ** Stock has risen more than two-fold this year, as of last
close

($1 = 1.2902 Australian dollars)

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))