NZ's Sky Network Television jumps most in about 2 years on buyout talks

Sky Network Television

13/10/2023 01:40

** Shares of Sky Network Television  SKT.NZ  jump as much as
17.4% to NZ$2.900, posting their biggest intraday gain since Dec
7, 2021
    ** The media co says it is in early discussions with a
third-party buyer over a recent non-binding indicative takeover
offer that it has received
    ** Co says it has also continued the recent pause in its
NZ$15 mln ($8.88 million) share buyback
    ** Shares hit their highest level since April 5, 2022 
    ** SKT stock up 7.4% YTD as of last close

($1 = 1.6883 New Zealand dollars)

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