New Zealand's Freightways rises on VT Freight Express acquisition

About this update from Freightways Group Limited

** Shares of Freightways NZX:FRW rise as much as 6.4% to NZ$14.97, their highest level since October 31; stock last up 4.6%** Stock posts steepest intraday pct rise since October 19** Freight service provider acquires Australia-based VT Freight Express for A$71 million ($47.00 million)** VT Freight Express provides express delivery of parcels and palletised freight** Stock up 35.5% YTD, including the session's moves($1 = 1.5106 Australian dollars)

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