ASX shares of Virgin Money UK soar 34% on $3.7 bln takeover offer

Virgin Money UK

08/03/2024 02:21

** ASX-listed shares of Virgin Money UK Plc  VUK.AX  soar as
much as 33.9% to A$4.110, their biggest intraday pct gain since
listing in early 2016
    ** VUK top gainer in the ASX 200 benchmark index  .AXJO 
    ** Stock trading at its highest level since Sept. 28, 2021,
as of 0150 GMT; logs its third straight session of gains
    ** VUK, UK's sixth-largest retail bank by assets, on
Thursday got a 2.9 bln pound ($3.71 bln) all-cash takeover offer
from Britain's Nationwide Building Society  NBS.L  
    ** VUK's London-listed shares  VMUK.L  ended 35% higher at
214.70 pence on Thursday, slightly below the 220 pence per share
offer

($1 = 0.7808 pounds)

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