Abano Healthcare shares jumped 10 percent after the dental clinic operator said it's still in talks with a number of potential suitors.
The company confirmed that discussions are continuing after a report in The Australian newspaper named private equity investor BGH Capital among potential bidders for the company.
Abano said in July that it had received a number of expressions of interest as the trans-Tasman dental market undergoes consolidation. It reiterated that today, saying discussions are still ongoing.
"The Abano board continues to consider these as part of a wider review of strategy, asset mix and capital structure and has appointed advisors to assist," it said in a statement.
The shares rose 38 cents to $4.12, the highest this month. However, the stock is down 36 percent since the start of the year, matching those of its Australian peers who are struggling with tough trading conditions.
