BUZZ-Australia's Regis Resources hits over 8-yr high on acquiring aged care homes

Reuters
2024-09-20

** Shares of Australia's Regis Resources rise as much as 3.6% to A$6.040, their highest level since early-Feb, 2016

** Stock posts its biggest intraday gain since Sept 13, on track to record its sixth consecutive week of gains, if trend holds

** Residential aged-care services provider enters agreements to acquire two residential aged-care homes from Australia based Ti Tree Operations

** Adds deal for A$35.5 mln ($24.15 mln)

** Acquisition is expected to be EPS accretive in FY25 - RRL

** Stock has fallen 9.2% this year, as of 0118 GMT

($1 = 1.4697 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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