Australia's OFX Group rises most in two months on takeover deal progress
24/09/2026 04:59
BUZZ-Australia's OFX Group rises most in two months on takeover deal progress ** Shares of Australian payments company OFX Group OFX.AX rise as much as 22.3% to A$0.700, marking their biggest intraday percentage gain since July 23
** Stock snaps a four-session losing streak
** Says UK-based payments firm Equals has been granted an exclusivity extension to October 30 as it finalises financing for its proposed A$247 million ($173.62 million) takeover of OFX
** Co's board continues to back the proposal, subject to financing and no superior offer emerging
** Stock up 38.1% YTD
($1 = 1.4227 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)
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Australia's OFX Group rises most in two months on takeover deal progress