February 1, 2019 / 12:30 AM / 4 months ago

BUZZ-Australia's Healthscope hits over 8-mth high; board recommends Brookfield takeover bid

** Shares of hospital operator Healthscope Ltd rise as much as 4.03 pct to A$2.455, their highest since May 21

** Co says board recommends A$4.35 billion takeover offer from Canadian investment firm Brookfield Asset Management

** Co enters scheme of arrangement with Brookfield, under which it is offering A$2.5 for each share in Healthscope

** Stock posts its biggest intraday pct gain since Jan. 18

** More than 100 mln shares change hands, in the first two hours of trading, compared with the 30-day average volume of 9.2 mln shares

** Stock is the biggest percentage gainer on the benchmark S&P/ASX 200 index

** Stock rose 5.8 pct in the first month of the year, recording its first January gain since its listing in 2014 (Reporting by Niyati Shetty in Bengaluru)

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