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BUZZ-Australia's SDI hits 21-year high on Chinese buyout offer

Reuters
Mar 02
BUZZ-Australia's SDI hits 21-year high on Chinese buyout offer

** Shares of SDI SDI.AX rise as much as 48% to A$1.31, their highest level since early February 2005

** Stock set for its strongest trading session in 26 years

** Dental tech co says it is to be acquired by Beijing Guoci Kebo Technology, unit of Shandong Sinocera Functional Material 300285.SZ

** SDI shareholders to get A$1.40 per share, a 58.2% premium to stock's last close

** Co's board unanimously recommend shareholders vote in favour of scheme

** Stock up 39.9% YTD, including session's moves

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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