BUZZ-Iress loses most in over 3 months after clarifying media reports on acquisition
Reuters
Nov 25
BUZZ-Iress loses most in over 3 months after clarifying media reports on acquisition
** Shares of Australia's Iress IRE.AX fall as much as 6.8% to A$9.02, its biggest intraday pct fall since August 11
** Fintech co clarifies has no basis to confirm media article statements on exclusivity terms relating to potential acquisition of the co
** Adds that it continues to engage with multiple parties to ascertain whether there is a proposal
** IRE went on a trading halt in the previous session after recording a rise of 8%
** Stock has fallen 1.7% this year, including session moves
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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