BUZZ-Australia's H&G High Conviction rises on buyout offer for investment portfolio

Reuters

01-13

BUZZ-Australia's H&G High Conviction rises on buyout offer for investment portfolio

** Shares of H&G High Conviction HCF.AX rise as much as 19% to A$0.910, set for their best trading session, if gains hold

** Shares of the investment firm hit highest levels since Oct 11, 2024

** Co announces that diversified investment firm Hancock & Gore HNG.AX has offered to acquire its investment portfolio in exchange for HNG shares issued at A$0.30

** Says after completion, proposal entails co distribute H&G consideration shares in-specie to all shareholders excluding H&G, which currently holds circa 20.4%

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@ThomsonReuters.com))

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