The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to rally higher this morning following a strong night for international markets. The ASX 200 could push for a fresh high with the futures market pointing to a 40-point gain at the open.
Here’s a quick recap:
- FTSE 100 (UK): up 1.04%
- DAX (Germany): up 0.46%
- CAC 40 (France): up 0.57%
- Dow Jones (USA): up 1.09%
- NASDAQ (USA): up 0.49%
This morning, Capitol Health announced its intention to launch an off-market takeover offer for Integral, offering 6.9 fully paid ordinary shares in Capitol and $0.36 cash for each ordinary share in Integral. That implies a value of $2.46 per Integral share, representing a premium of more than 30% above Integral’s last closing price. Assuming it goes ahead, Capitol said the merger will create “one of Australia’s leading providers of diagnostic imaging services through its combined network of clinics and hospital practices”.
SYNLAIT FPO NZX (ASX: SM1) could also receive some attention. It announced this morning that long-time CEO and founder John Penno intends to step down from his position in the next 12 months, as part of an orderly transition to position the business for its next growth phase.
Empired Ltd (ASX: EPD), whose shares fell 4.7% on Tuesday, said it expects its underlying earnings (EBITDA) to be between $7 million and $7.3 million for the first-half of FY2018. It’s also expecting a ‘modest’ revenue increase.
And Praemium Ltd (ASX: PPS) announced that it has signed its first client for its new administration service. Praemium’s shares have risen 36% so far in 2017.