Australia's Nido Education rises on deal to acquire nine childcare centres

Nido Education

Today 05:50

** Shares of Australia's Nido Education NDO.AX rise as much as 4.5% to A$0.230
** Childcare services provider's unit agrees to acquire nine early education centres operated by Edge Early Learning
** Co says deal is its first acquisition under strategy to selectively acquire established services
** Adds acquired centres provide opportunity to build on established early learning communities 
** NDO down 23.3% so far through Friday in its worst week since late August 
** YTD, stock down 61.7%, including session's moves 

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))