9 shares you should have been watching on Wednesday

The Vocus Group Ltd (ASX: VOC) share price rocketed higher today off the back of a conditional and non-binding takeover offer from a private equity firm.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5667 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5707 points
  • AUD/USD at US 75.42 cents
  • Iron Ore at US$56.03 a tonne, according to the Metal Bulletin
  • Gold at US$1,292.03 an ounce
  • Brent oil at US$49.98 a barrel

The VOC share price soared 21.7% after it received a takeover offer from Kohlberg Kravis Roberts & Co. L.P. (KKR) which valued the company at $3.50 per share. Vocus’ rivals TPG Telecom Ltd (ASX: TPM) and Telstra Corporation Ltd (ASX: TLS) also rose 0.9% and 0.2% for the session.

A number of other businesses also produced strong share price rises today. Gold miners Resolute Mining Limited (ASX: RSG) and Regis Resources Limited (ASX: RRL) both rose 7.9% and 3.8% after another rise in the gold price, while coal miner Whitehaven Coal Ltd (ASX: WHC) jumped 4.7%.

Sky Network Television Ltd (ASX: SKT) didn’t fare so well. The SKT share price declined 3.9% for the day, making it one of the worst performing shares from within the ASX 200 cohort.

The Virtus Health Ltd (ASX: VRT) share price also declined 3%, while Blackmores Limited (ASX: BKL) slipped 3.6% to $89.

Here are Wednesday’s top stories:

  1. The Vocus Group Ltd share price could rocket on KKR bid
  2. 3 reasons why the JB Hi-Fi Limited share price is under fire
  3. Now’s the time to buy these hated tech stocks

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Motley Fool contributor Ryan Newman owns shares of Vocus Communications Limited. The Motley Fool Australia owns shares of Telstra Limited, TPG Telecom Limited, and Vocus Communications Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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