BUZZ-Australia's Apiam gains as suitor finalises buyout due diligence

Reuters

10/08

** Shares of veterinary services provider Apiam Animal Health AHX.AX advance 8.7% to A$0.81, their highest since August 18

** Co says investment manager Adamantem Capital Management has finalised due diligence in all material respects and expressed readiness to proceed with co's acquisition

** Says offer price will adjust to A$0.87 per share from A$0.88 after co distributes FY25 final dividend of A$0.01 per share

** More than 1.7 mln shares change hands, 9.5x the 30-day avg

** Stock has doubled in value so far this year

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

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