BUZZ-Australia's Domain at more than one-month high on US co's buyout offer

Reuters
09 May
BUZZ-Australia's Domain at more than one-month high on US co's buyout offer

** Domain Holdings DHG.AX rises as much as 5.2% to A$4.470, highest since March 26

** U.S. real estate firm CoStar CSGP.O to buy remaining shares of property classifieds co it does not own at A$4.43/shr, a 4.2% premium to last close

** Implied enterprise value of Domain is A$3 bln ($1.92 bln)

** Co may also declare special dividend of up to A$0.10/shr

** DHG last up 2.8%, takes YD gains to 72.3%

($1 = A$1.5657)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10