Australia's Eclipx climbs after report suggests possible buyout deal
07/11/2022 23:48
** Shares of Australia's Eclipx ECX.AX rise as much as
12.2% to A$1.99, set for their best day since July 22, if gains
hold
** Local media report suggests that the fleet leasing co is
understood to have held talks with private-equity firms
including Kohlberg Kravis Roberts and others regarding a
possible buyout deal
** Co announced on Monday a CEO transition and report
suggests that outgoing CEO Julian Russel will work to find a
buyer for the business urn:newsml:reuters.com:*:nASX74HzSF
** Stock hits its highest level since Oct 20
** Eclipx stock down 19.9% this year, as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))