BUZZ-Australia's TZ hits more than 20-month high on plans to buy property app maker

Reuters
21 Oct 2024

** Australian smart lock maker TZ rises as much as 34.7% to A$0.066, highest since Feb. 3, 2023

** Stock on track to post its biggest intraday pct gain since mid-Jan.

** Co enters into agreement to acquire property management app maker Keyvision

** Says deal will be earnings accretive

** Adds it can offer additional services, such as cleaning services and food delivery, after the deal

** Stock set for fifth consecutive session of gains, if current gains gold

** Around 1.8 mln shares traded vs 10.9x the 30-day avg

** TZL up 170% YTD

($1 = A$1.4896)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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