Australia's Vysarn hits near 14-1/2 year high on buying irrigation systems provider

Vysarn

03/06/2026 05:21

** Shares of Vysarn VYS.AX rise as much as 16.1% to A$0.975, their highest since December 14, 2011
** Stock logs largest intraday pct gain since early August 2024
** Water services provider enters binding share sale agreement to buy irrigation and pumping systems provider NewGround
** Total consideration of up to 33 million Vysarn shares and A$25 million ($17.93 million) in cash
** More than 1.3 million shares change hands, 3.3 times the 30-day average
** Stock up 36.8% YTD, including the day's moves

($1 = 1.3943 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))