NZ's Arborgen Holdings considers options for potential sale, shares rise

Arborgen Holdings

01/07/2021 24:34

** Investment company Arborgen Holdings Ltd  ARB.NZ  extends
gains for a second straight session; rise as much as 9.4% to
NZ$0.290
    ** Co starts strategic review to consider options that
include potential sale of all shares in Arborgen, or potential
sale of all or some assets of co or a U.S. listing
    ** Co on Wednesday said conditional buyout offer it received
from a third party materially undervalues the co  urn:newsml:reuters.com:*:nFWN2OB0R9
    ** Stock is top performer on New Zealand's S&P NZX All
Capital Index  .NZCI 
    ** ARB up 62.6% this year, as of last close
       

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))