Australia's PSC Insurance hits record high as Ardonaugh gets regulatory nod for takeover

PSC Insurance

18/09/2024 03:22

** Shares of PSC Insurance  PSI.AX  jump as much as 0.8% to
hit a record high of A$6.15
    ** Stock posts its biggest intraday pct gain since May 27 
    ** The financial services provider says Ardonaugh Group has
obtained all regulatory approval for proposed acquisition of the
co 
    ** Says conditions precedent under the scheme relating to
regulatory approvals have now been satisfied
    ** PSC Insurance shares up 31.7% YTD, as at 0219 GMT

    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))