Articles by Daniel Marsh
Perpetual Shares Tumble 14% as EQT Takeover Bid Fails
Perpetual shares dropped 13.98% to A$16.86 after the board rejected EQT's A$22.50 final bid. Investors await Bain wealth sale closure and standalone performance.
Ingenia Shares Rise 2.3% as Board Rejects Warburg's Sweetened $5.05 Bid
Ingenia shares rose 2.3% after its board rejected Warburg Pincus's revised A$5.05 cash offer, which hinges on abandoning the Peet acquisition. The stock trades 14.3% below the bid price.
KOSPI Climbs Above 7,000 Before Retreating; Brokerage Targets Signal Modest Upside
KOSPI briefly reclaimed 7,000 on Samsung-led gains, but broker targets suggest limited upside. Samsung shares rose 3.26%, while SK hynix added 0.27%.
Telix Shares Dip 3% on $1.65B ITM Acquisition
Telix Pharmaceuticals fell 3% after agreeing to acquire ITM for $1.65B in stock, issuing 105.8M shares. The deal adds isotope manufacturing and $273M revenue.
CBA Advances RBA Rate Hike Call to September 29
CBA brings its RBA rate hike forecast forward to September 29, aligning with Westpac and market pricing. Shares close at A$152.43, 17.6% above the consensus target.
Nine Shares Slide 3.8% Despite AFR Growth, Raising Investor Scrutiny
Nine Entertainment's shares dropped 3.8% on Friday to A$0.765, even as The Australian Financial Review posted high-single-digit growth. Publishing EBITDA fell 3%.
Infineon Jumps 2.7% on Upgrade, Memory Sale in Focus
Infineon shares climbed 2.7% to €55.86 after Oddo BHF upgraded the stock to Outperform with an €80 target, as the market assesses its $1.12 billion memory sale.
Softcat Shares Dip 3.7% After Landmark GDT Acquisition
Softcat shares slid 3.7% to 1,895p after revealing its largest acquisition, GDT, for $1.05B. The stock closed just 5p above the placing price.
PURR's 9.8% Surge Puts $1.4B Token Strategy to the Test
PURR jumped 9.8% to $14.09 after an SEC filing permits up to 160M share sales, raising questions about dilution versus HYPE token growth.
Generac Holds Amazon Gains; Warrant Dilution Ahead
Generac (GNRC) closed Friday at $207.44, up 18.5% from Wednesday, after Amazon's $2.4B generator deal. A 1.69M-share warrant looms.
Joby's Autonomous Flight Milestone Fails to Lift Shares
Joby Aviation's stock slipped 1.13% after a long autonomous flight in a Cessna, not its eVTOL, leaving investors focused on certification progress.