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At lunch on Thursday, the S&P/ASX 200 Index (ASX:XJO) is on track for a slight decline. The benchmark is currently down 0.1% at 6,754.1 points.
Here’s what’s happening on the ASX 200 today:
ANZ shares fall slightly
The Australia and New Zealand Banking Group Ltd (ASX:ANZ) the stock price is down on Thursday. This follows the completion of the institutional component of the banking giant’s fundraising. ANZ raised gross proceeds of approximately $1.7 billion at a 12.7% discount of $18.90 per new share. These funds are used for the acquisition of the banking activities of Suncorp Group Ltd. (ASX: SUN).
Link accepts takeover offer
The Link Administration Holdings Ltd (ASX:LNK) The stock price soars after Dye & Durham agreed to raise its takeover bid again. Dye & Durham raised its offer from $4.57 per share to $4.81 per share. It went over well with Link’s board, which recommends shareholders vote in favor of the proposal. Shareholders will also be entitled to consideration of 13 cents per share from the potential sale of Link’s BCM business.
Zip stock price higher in Q4 update
The Zip Co Ltd (ASX:ZIP) stock price rose today. Investors bought shares of provider Buy Now Pay Later (BNPL) after responding positively to its quarterly update. Zip reported quarterly group revenue growth of 27% to $160.1 million from its 12 million customers. The company also revealed that it was closing its Singapore operations, Zip Business and Pocketbook. It is also exploring options for other businesses in the rest of the world, including the UK.
The Best and Worst Performers of the ASX 200
The best performer on the ASX 200 on Thursday was the Telix Pharmaceuticals Ltd (ASX:TLX) stock price with a gain of more than 15%. This follows the release of a strong quarterly update. In the other direction, the worst performer was the Imugene Limited (ASX:IMU) stock price down 5% with no news.
