Australia's IDT gains on progress in deal talks

IDT Australia

11/06/2024 03:02

** Shares of IDT Australia  IDT.AX  up 4% at A$0.13
    ** The Australian pharma manufacturer says Myndbio Pty Ltd 
has been granted access to due diligence information to progress
discussions for proposed takeover 
    ** Adds talks with Myndbio for proposed A$0.15 per IDT share
takeover continue 
    ** Stock on track to log third straight session of gains, if
trend holds 
    ** Stock has risen ~21% so far this year

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))