Australia's Tasfoods soars on competition regulator nod for business sale

Tasfoods

17/11/2023 01:33

** Shares of Tasfoods  TFL.AX  rise as much as 61.5% to
A$0.042, their highest level since Jan 20
    ** Stock set for best day since Dec 30, 2015 if gains hold
    ** Food processing co says the Australian Competition and
Consumer Commission (ACCC) has no objection to sale of Betta
Milk and Meander Valley Dairy businesses to Bega Cheese  BGA.AX 
    ** Stock down 35% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))