Monash IVF Shares Soar Most Since 2014 After Takeover Offer

Australia’s Monash IVF Group Ltd. rose the most since 2014 after saying it had rejected a takeover bid from Genesis Capital Investment Management and Washington H. Soul Pattinson and Co.

The pioneering reproductive health-care company said Monday that it had “received an opportunistic, unsolicited, conditional and non-binding indicative proposal” from the consortium. Shares soared 39% as of 10:36 a.m. in Sydney.