Australia's Volpara Health Technologies posts record intraday jump on takeover deal

Volpara Health Technologies

14/12/2023 24:53

** Shares of Volpara Health Technologies Ltd  VHT.AX  rise
as much as 41.9% to A$1.100, their record intraday pct gain 
    ** Stock at its highest since Dec 8, 2021
    ** The medical software maker says it has entered an
agreement to be acquired by Korea-based medical software
developer Lunit Inc  328130.KQ  
    ** Adds that Lunit to acquire all shares of co at a$1.15 in
cash per share, which represents an equity value of A$295.7
mln($197.71 mln)
    ** Cash price represents a premium of 48.4% on VHT's last
close
    ** About 1.2 mln shares change hands, compared with the
30-day average volume of 139,949 shares
    ** Volpara stock up 47.6% this year

   ($1 = 1.4957 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))