Refile: BUZZ-Australia's Locality Planning Energy hits 2-yr high on receiving takeover bid

Locality Planning Energy Holdings

16/04/2024 03:30

(Corrects garbled phrasing in third bullet)
    ** Shares of Australia's Locality Planning Energy  LPE.AX 
rise as much as 40.7% to A$0.076, their highest level since
April 2022
    ** Stock posts its biggest intraday gain since March 28
    ** Stock currently at 38.9%, bringing YTD gains to 82.9% as
of 0221 GMT
    ** Electricity provider receives off-market takeover offer
from Australia's River Capital Pty Ltd 
    ** Offer to acquire all shares in issue in LPE by River
Capital
    ** River Capital in a separate statement set the offer at a
price of A$0.08 per share representing premium of 48.1% to LPE's
last closing 
    ** Stock up 31.7% YTD as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))