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BUZZ-Australia's Farm Pride Foods falls as stakeholder to sell shares at discount

Reuters
01/14
BUZZ-Australia's <a href="https://laohu8.com/S/FRMN.AU">Farm Pride Foods</a> falls as stakeholder to sell shares at discount

** Shares of Farm Pride Foods FRM.AX fall as much as 9.1% to A$0.20, their steepest intraday pct drop since December 2

** West Coast Eggs, a substantial holder of co, intends to sell up to 30 million shares on-market at a price of A$0.20, a discount to the stock's last close

** Parties associated with co's management indicated they intend to acquire up to 7 million of these shares

** About 30.2 million shares change hands, 734.4 times the 30-day avg

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))

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