Australia's Tesserent climbs on completing acquisitions of two peer companies

Tesserent

24/12/2021 02:39

** Shares of the IT security services provider  TNT.AX 
climb as much as 9.1% to A$0.180, on track for their biggest
single-day pct rise since Dec. 7 
    ** TNT completes acquisitions of peer cos Pearson Corp and
Claricent Ltd  urn:newsml:reuters.com:*:nASX20M5XL
    ** Acquisitions strengthen TNT'S position supporting the
federal government to achieve its cybersecurity goals - TNT
    ** Following the acquisitions, Tesserent's federal govt
businesses contribute a combined annual turnover of A$48 mln
($34.73 mln) to the group's overall results - TNT
    ** Shares hit their highest level since Dec. 7 
    ** Stock ninth-biggest pct gainer on the ASX All Ordinaries
Index  .AORD 
    ** Stock down 50.8% this year, as of last close, compared
with a 13.1% increase in the ASX All Ordinaries Index  .AORD  

($1 = 1.3822 Australian dollars)

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))