Grindrod Shipping soars on buyout offer from Taylor Maritime

Grindrod Shipping Holdings

29/08/2022 15:59

** Shares of Grindrod Shipping Holdings Ltd  GRIN.O  rise
18.4% to a more than two-month high of $24.28
    ** Taylor Maritime Investments Ltd  TMI.L  offered to buy
the shares it does not already own in GRIN for $26.00 per share,
according to a filing
    ** Taylor Maritime and co have entered an exclusivity
agreement to discuss the proposed deal
    ** YTD, the stock has risen 33.33%

 (Reporting by Raechel Thankam Job)
 ((RaechelThankam.Job@thomsonreuters.com;))