Australia's Maggie Beer Holdings rises as company retains hampers and gifts unit
16/10/2026 05:24
BUZZ-Australia's Maggie Beer Holdings rises as company retains hampers and gifts unit ** Shares of premium foods business Maggie Beer Holdings MBH.AX rise 5.4% to A$0.059, on track for their best day since October 8, if gains hold
** Company decides to retain its hampers and gifts business, Hampers and Gifts Australya Pty, after strategic review
** Says assessment of multiple third-party proposals received during the review did not adequately reflect the value of the business
** Shares on track to snap three consecutive sessions of losses
** Stock down 37.2%, YTD, including moves in current session
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
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