Australia's Forbidden Foods climbs on Blue Dinosaur buyout

OMG

10/09/2021 03:58

** Australia's Forbidden Foods Ltd  FFF.AX  up as much as 6%
at A$0.265, as FFF agrees to buy plant-based snack bar co Blue
Dinosaur for A$4 mln ($2.95 mln)
    ** Completes A$5.5 mln placement to raise funds for deal,
among other purposes  urn:newsml:reuters.com:*:nASX7WJbXm 
    ** Expects the Blue Dinosaur business combined with FFF's
existing operations to have delivered A$7.9 mln of revenue in
FY21 
    ** FFF down 10.71% so far this year, as of Tuesday's close
when it last traded 
    



($1 = 1.3546 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))