SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EARNINGS FLASH L impact

BUZZ — Australia's Vysarn set for worst week in 17 months after NewGround deal termination

* Shares of Australia's Vysarn Ltd down 13.6% so far this week, on track for their worst weekly performance since early April 2025 * Stock plunged 18.3% on Monday after the water services provider scrapped its planned acquisition of irrigation and facilities management company NewGround * Vysarn said both parties agreed not to extend the completion deadline and added co will terminate the share sale agreement * Management had expected the acquisition to broaden Vysarn's service offering and diversify revenue streams * Stock gains 1.2% in the session; YTD up 17.9% (Reporting by Paridhi Minda in Bengaluru) ((Paridhi.minda@thomsonreuters.com;)

VYS.AX

This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.