ASX-listed Marley Spoon set for best day in 1-yr on acquiring Chefgood

Marley Spoon SE

21/12/2021 24:55

** Australia-listed shares of Germany-based meal-kit service
provider  MMM.AX  rise as much as 15.1% to A$0.800
    ** Stock set for its best day since December 2020
    ** Co says it will acquire https://www.asx.com.au/asxpdf/20211221/pdf/454dpvy59xvxdb.pdf
 Melbourne-based peer Chefgood for up to A$21 mln ($14.92 mln)
    ** Says the transaction will be funded via an equity
placement of A$8 mln at A$1 per CHESS depository interest
    ** Stock down ~74.3% this year, as of last close 


($1 = 1.4073 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))