Wesfarmers Ltd (ASX:WES) is a 100-year-old conglomerate which at various times has owned and operated some of Australia’s largest retail brands such as Kmart, Target and more. Today, its largest business is Bunnings Warehouse, the number-one DIY home improvement business.
The Wesfarmers Ltd (ASX:WES) share price ended lower Tuesday after it announced it would like to buy Lynas Corporation Ltd (ASX:LYC) for $2.25 per share.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.02% at lunch.
The Lynas Corporation Ltd (ASX:LYC) share price has been launched into orbit today by Wesfarmers Ltd (ASX:WES), which has decided to use its balance sheet to make a takeover bid for rare earth miner.
The Wesfarmers Ltd (ASX:WES) share price could react strongly to the news it aims to acquire Lynas Corporation Ltd (ASX:LYC).
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.08% on Monday.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.09% on Thursday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.51% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.18% at lunch.
Wesfarmers Ltd (ASX:WES) has announced a special dividend in its FY19 half year report, is it a buy?
