S&P/ASX 200 (INDEXASX:XJO) has slipped 0.10% to 7,288 by 1.15 pm with financials down 1.14%, followed by consumer discretionary, which has fallen 0.74%.
Takeover offers in IT
IT was the strongest performing sector, up 2.5%, with Altium (ASX:ALU) gaining 34.1% after receiving a takeover offer.
The $38.50/share offer valued at $5 billion from Autodesk (NASDAQ:ADSK) in the US was rejected.
Hansen Technologies (ASX:HSN) jumped 21.8% after receiving a $1.3 billion offer at $6.50/share from private equity firm BGH Capital. The deal is likely to be recommended by the board.
Top gainers
Today’s top gainers on the ASX include Boadicea Resources Ltd (ASX:BOA) (+12.00%), Eclipse Metals Ltd (ASX:EPM) (+15.00%), Roots Sustainable Agricultural Techn Ltd (ASX:ROO) (+8.33%), Tyranna Resources Ltd (ASX:TYX) (+16.67%), Australian Strategic Mtrls (Hldngs) Ltd (ASX:ASM) (+6.58%) and Alice Queen Ltd (ASX:AQX) (+6.67%).
Proactive news headlines:
Kazia Therapeutics study of paxalisib in primary CNS Lymphoma at Dana-Farber enrols first patient
Kazia Therapeutics Ltd’s (ASX:KZA) (FRA:NV9M) (NASDAQ:KZIA) phase-II study of paxalisib in Primary CNS Lymphoma has been initiated at Dana-Farber Cancer Institute in Boston, Massachusetts, with the first patient enrolled to the study.
QMines well placed to pursue development of Mt Chalmers Project amid increased copper demand
QMines Ltd (ASX:QML) (FRA:81V) is well placed to benefit from the expected uptick in copper demand over the next decade, driven by electric vehicle makers and green environmental policies – particularly in Europe.
Platina Resources to begin gold exploration at expanded Xanadu Project
Platina Resources Ltd (ASX:PGM) (OTCMKTS:PTNUF) (FRA:P4R) is moving towards the exploration phase at Xanadu Gold Project after executing binding purchase agreements and commencement of tenement transfers.
Tempus Resources kicks off 2021 exploration at Elizabeth Gold Project with diamond drilling
Tempus Resources Ltd (ASX:TMR) (CVE:TMRR) (OTCMKTS:TMRFF) (FRA:4W0) has kickstarted a drilling campaign at its Elizabeth Gold Project in southern British Columbia, Canada.
BlackEarth Minerals boosts coffers by $141,000 as part-paid shareholders pay unpaid capital
BlackEarth Minerals NL (ASX:BEM) shareholders have fully paid the balance unpaid on an additional 1,365,574 BEM partly paid ordinary shares in the company, raising $81,797.88.
FYI Resources adopts global ESG reporting standards for HPA asset
FYI Resources Ltd (ASX:FYI) (OTCMKTS:FYIRF) (FSE:SDL) has adopted an environmental, social and governance (ESG) framework in a bid to improve shareholder outcomes from its kaolin and high purity alumina (HPA) assets.
South Harz Potash director shows confidence in company with on-market purchase
South Harz Potash Ltd (ASX:SHP) non-executive director Len Jubber has demonstrated his confidence in the company's potash strategy by purchasing shares in an on-market transaction.