BUZZ-Australia's Monash IVF eyes best week in 5-1/2 years after rejecting takeover bid
Reuters
Nov 28
BUZZ-Australia's <a href="https://laohu8.com/S/MNIVF">Monash IVF</a> eyes best week in 5-1/2 years after rejecting takeover bid
** Shares of Monash IVF Group MVF.AX rise 40.1% so far this week, heading for best week since mid-April 2020, if gains hold
** For the day, the IVF clinics operator down 0.3% at A$0.848 but hovers near highest since mid-May hit on Monday
** On Monday, co rejected a conditional and non-binding takeover proposal from a consortium including Genesis Capital Investment Management
** Proposal was at a "substantial discount to comparable IVF transactions in the Australian market" - MVF
** Stock down ~33% YTD, including day's moves
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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