Australia's Metcash hits near 4-month high on buying grocery retailer Peries Group
Mon 03:18
BUZZ-Australia's Metcash hits near 4-month high on buying grocery retailer Peries Group ** Shares of Australia's Metcash MTS.AX rise as much as 1.9% to A$3.19, highest level since June 22
** Wholesale distribution firm to buy grocery retailer Peries Group
** Says purchase price estimated to be between A$80 million - A$85 million ($55.74 million-$59.22 million)
** Stock has fallen 4.1% this year, including session's moves
($1 = 1.4353 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
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