NZ-based Warehouse Group rises on buyout approach from Australia's Adamantem Capital

Warehouse

22/07/2024 01:31

** Shares of Warehouse Group  WHS.NZ  rise as much as 31% to
NZ$1.520, set for best day since March, 2020, if current trend
holds
    ** The merchandise retailer receives approach from Aussie
private equity firm Adamantem Capital Partners to potentially
buy its shares
    ** Stock hits its highest level since April 5
    ** Stock on track for its fifth consecutive sessions of
gains
    ** Stock down 28% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))