BUZZ-Australia's Pure Foods Tasmania jumps on Elato acquisition
Reuters
Nov 25
BUZZ-Australia's <a href="https://laohu8.com/S/PFTN.AU">Pure Foods Tasmania</a> jumps on Elato acquisition
** Shares of Australia's Pure Foods TasmaniaPFT.AX gain 25% to A$0.04, their highest level since October 9
** Food and beverage co acquires ice cream brand Elato for an initial payment of A$50,000 ($32,320.00) in PFT shares from founders Roz Kaldor-Aroni and Benni Aroni
** Deal to add more than A$600,000 in annualised sales
** Aroni Family Trust to invest A$200,000 in PFT via issue of 6.7 million shares
** Stock up 81% YTD, including day's moves
($1 = 1.5470 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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