Australia's Kip McGrath rises on sweetened buyout bid

Kip McGrath Education Centres

12/10/2026 02:03

** Shares of Kip McGrath Education Centres KME.AX rise as much as 3.8% to A$0.690, their biggest intraday pct gain since July 30 
** Stock hits its highest level since September 17
** Crimson Consulting Australia raises its takeover offer for the tutoring company to A$0.75 per share from A$0.73
** The new offer price represents a premium of about 79% to the stock's closing price on July 29, before Crimson launched its initial bid
** The revised bid values KME at about A$39.4 million ($27.53 million), up from A$38.3 mln under the previous offer
** YTD, KME stock up 26.6%


($1 = 1.4310 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))