BUZZ-Australia's Xref falls as proposed buyout by Seek falls through

Reuters
02/04
BUZZ-Australia's Xref falls as proposed buyout by Seek falls through

** Shares of recruitment technology company Xref XF1.AX drop as much as 24.2% to A$0.118, their lowest since April 15

** Co terminates scheme under which online employment marketplaces co Seek SEK.AX proposed to acquire Xref for A$0.218 cash per share

** Only 67.6% of votes cast by Xref shareholders were in favour of the deal, failing to meet the minimum 75% approval criteria

** Seek's shares fall up to 1.5% to A$22.72

** As of last close, XF1 stock was down 27.9% YTD

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com))

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