Ausnet Services Ltd (ASX:AST) is an Australian energy company, listed on both the ASX and the Singapore Stock Exchange. AusNet’s network includes over 6,700km of power lines, 11,400km of gas mains, 13,000 electricity transmission towers and around 383,000 power poles.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +1.01% to 7040.60.
The local share market managed a 0.9% gain, taking it to a five-month high on the back of another confirmation of falling price levels and inflation.
Crown Resorts Ltd (ASX: CWN) share price is inching higher after agreeing to a $13.10 per share takeover offer by Blackstone.
The Ausnet Services Ltd (ASX: AST) share price is on the move today after the company received a $2.65 binding proposal from Brookfield.
The APA Group (ASX:APA) share price is rising after making progress in the takeover battle for Ausnet Services Ltd (ASX:AST).
Ausnet Services (ASX:AST) announced its Confidentiality Deed with Brookfield “will be of no force” opening the door for APA Group (ASX:APA).
The battle for Australian Pharmaceutical (ASX: API) is heating up as Wesfarmers (ASX: WES) nab 19% stake in the local pharmacy chain.
Magellan Financial Group’s Ltd (ASX: MFG) purchase of a 40% stake in Barrenjoey is derisking the company and adding new revenue streams.
The Smartgroup Corporation Ltd (ASX:SIQ) share price is soaring up over 17% after it received a takeover offer.
