🟢 DFI Retail Group is trading 4.08% up today after deal to take over Starbucks' Asia business

DFI Retail Group is trading at $3.32, up 4.08%, after announcing it is set to take over Starbucks’ Asia business from Maxim’s Caterers.

• The deal forms part of a share repurchase in which Maxim’s buys back DFI’s indirect 50% stake; consideration includes the Starbucks-licensed business and about US$340 million in cash.
• The announcement preceded the October 1 session. Shares closed at US$3.19 on September 30 before the news; no trading-volume information was available.