UK's Smoove jumps on confirming buyout talks
24/04/2023 12:04
** Shares of Smoove SMV.L surge 33.5% to 42.6p after the
home movers solutions company confirms it is in takeover talks
** SMV top pct gainer across London stocks, headed for its
best day ever; stock hit sits highest level since Feb 13
** Smoove says in early talks with Australian online
property firm PEXA Group PXA.AX on a possible cash buyout
offer
** Smoove also considering an "alternative potential
transaction" from a separate third party, without disclosing
more details
** PEXA has until May 22 to announce a firm intention to
make an offer for Smoove or walk away
** Including session gains, co's stock is up about 19% YTD
(Reporting by Muhammed Husain in Bengaluru)
((Muhammed.Husain@thomsonreuters.com;))