BUZZ-Australia's Adisyn climbs after buying semiconductor IP business

Reuters
2024-11-04

** Shares of Australia's Adisyn Ltd rise as much as 10.8% to A$0.072, their biggest intraday pct gain since Oct 24

** Stock at its highest level since Oct 30

** The IT services provider announces binding agreement to acquire 100% of semiconductor IP business 2D Generation

** Co in Oct had entered into formal negotiations to acquire 2D Generation

** Stock up 305.8% this year, as of 0240 GMT

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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