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Australia's Metcash hits near 4-month high on buying grocery retailer Peries Group

By Reuters News10 hours ago Updated

** Shares of Australia's Metcash MTS.AX rise as much as 1.9% to A$3.19, highest level since June 22

** Wholesale distribution firm to buy grocery retailer Peries Group

** Says purchase price estimated to be between A$80 million - A$85 million ($55.74 million-$59.22 million)

** Stock has fallen 4.1% this year, including session's moves

($1 = 1.4353 Australian dollars)

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