Australia's Blackmores gains most since 2015 on buyout bid from Japan's Kirin

Kirin Holdings Co

27/04/2023 02:16

** Shares of natural health firm Blackmores Ltd  BKL.AX 
soar as much as 22.4% to A$94, their best intraday pct gain
since Oct 29, 2015
    ** Says it entered a deal to be acquired by Japan's Kirin
Holdings  2503.T  for A$1.88 bln ($1.24 bln)
    ** Deal for A$95 cash per share, a 23.7% premium to the
shares' last close 
    ** Shares hit highest level since Dec 16, 2021
    ** About the 240,000 shares traded so far, set to be highest
since March 2, 2022 and about 10x the 30-day average
    ** As of last close, BKL up 6.4% YTD

    ($1 = 1.5142 Australian dollars)
    

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))