Asia / Pacific
Australia’s Quickstep Holdings Hits Nearly 2-Year High
Quickstep Holdings, an aircraft component manufacturer, hit a 41.8% increase to A$0.560, its highest level since late-Jan 2023.
• The company entered into a binding scheme implementation deed for its proposed acquisition by ASDAM.
• Shareholders will receive A$0.575 for each share, representing a premium of 45.6% to the stock’s last close.
• The stock posted its biggest intraday PPT gain since Nov. 7.
• Over 1.5 million shares changed hands, 8.1x the 30-day average.
• The stock has more than doubled in value this year.
