Marley Spoon extends losses to hit over 1-yr low on Woolies stake sale

Marley Spoon SE

08/09/2021 02:05

** Shares of Marley Spoon AG  MMM.AX  drop as much as 5.22%
to A$1.725, adding onto Tuesday's sharp loss
    ** Shares at their lowest level since July 2020 
    ** Woolworths Group Ltd  WOW.AX  sold its near 10% stake in
the subscription-based meal kit provider for around A$53 mln
($39.16 mln) earlier this week  urn:newsml:reuters.com:*:nL4N2Q906O
    ** Shares ended Tuesday 10.3% lower after the news 
    ** Stock is on track for a fourth straight session of losses
    ** MMM down around a third this year, as of last close
    
($1 = 1.3535 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((Dhriti.Garg@thomsonreuters.com))