Australia's Maggie Beer jumps most in 3 weeks on settling dispute

Maggie Beer Holdings

01/08/2024 04:21

** Shares of Maggie Beer  MBH.AX  rise as much as 7.1%
    ** Stock posts biggest intraday jump in three weeks
    ** Gourmet food seller to pay A$2 mln ($1.31 mln) to settle
dispute over earn-out payments for its 2021 buyout of online
hampers retailer Hampers & Gifts Australia
    ** Trading vol over 2x the 30-day daily avg
    ** Stock's drop extends YTD losses to 39%
 
 ($1 = 1.5309 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))