CGC News: UPDATE 2-Australia's Costa Group gets $935 mln bid from PE firm Paine Schwartz Partners - 4th Jul 2023, 9:53am

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(Adds share move in paragraph 2, context and further details in paragraphs 4, 6, 9-10)

July 4 (Reuters) - Costa Group Holdings said on Tuesday it had received a A$1.4 billion ($934.50 million) takeover proposal from U.S. private equity firm Paine Schwartz Partners LLC (PSP) for shares it doesn't already own in the horticulture company.

Shares in Costa - Australia's biggest citrus fruits grower and one of the country's biggest berry producers - jumped 9.8% to A$3.25 in early trade.

Under the p...

>>> Read more: UPDATE 2-Australia's Costa Group gets $935 mln bid from PE firm Paine Schwartz Partners
 
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