Australia's Symbio jumps on higher buyout offer from Aussie Broadband

Symbio Holdings

02/10/2023 05:11

** Symbio Holdings  SYM.AX  jumps 18.2% to 10-month high of
A$3.120 as cloud communications software firm get higher buyout
offer
    ** Aussie Broadband  ABB.AX  makes buyout offer of
A$3.15/shr on Sept. 29, topping Superloop's  SLC.AX  offer of
A$2.91
    ** Symbio gives Aussie Broadband 15 business days exclusive
due diligence; Superloop says Monday its offer lapsed on Sept.
29
    ** Aussie Broadband shares flat, while Superloop shares up
0.75%
    ** More than 588,000 Symbio shares traded, vs 30-day avg of
185,829 shares
    ** Symbio shares last up 14.4% at A$3.02 and have gained
about 29% since Aug 1, when Superloop made its first proposal

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))