BUZZ-Australia's Apiam Animal Health climbs to near 3-year high on takeover offer

Reuters

08/18

BUZZ-Australia's <a href="https://laohu8.com/S/AHX.AU">Apiam Animal Health</a> climbs to near 3-year high on takeover offer

** Shares of Apiam Animal Health AHX.AX rise 44.9% to A$0.775, their highest since September 27, 2022

** The veterinary service provider receives proposal from private firm Adamantem Capital Management to buy all of its shares at A$0.88 apiece

** Offer price represents a premium of 64.5% to stock's last close

** Stock on track to log a record gain, if trends hold

** Shares see busiest session since September 2024 as 1.2 mln shares change hands, 18x the 30-day average of 65,192

** Stock up 90.1% YTD, including moves in current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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