Australia's TZ hits more than 20-month high on plans to buy property app maker

TZ

21/10/2024 05:44

** Australian smart lock maker TZ  TZL.AX  rises as much as
34.7% to A$0.066, highest since Feb. 3, 2023
    ** Stock on track to post its biggest intraday pct gain
since mid-Jan.
    ** Co enters into agreement to acquire property management
app maker Keyvision
    ** Says deal will be earnings accretive 
    ** Adds it can offer additional services, such as cleaning
services and food delivery, after the deal
    ** Stock set for fifth consecutive session of gains, if
current gains gold
    ** Around 1.8 mln shares traded vs 10.9x the 30-day avg
    ** TZL up 170% YTD

($1 = A$1.4896)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))