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Why these 4 ASX shares have started the week with a bang

It has been an eventful start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). The benchmark index started the day deep in the red but has fought back and is now a fraction higher at 5,924.6 points.

Four shares that have climbed more than most today are listed below. Here’s why they have started the week with a bang:

The Corporate Travel Management Ltd (ASX: CTD) share price is up 3.5% to $21.75. The corporate travel specialist’s shares were given a boost after a late announcement on Friday revealed that its CEO and independent non-executive director have been buying shares on-market following the short seller attack.

The Elders Ltd (ASX: ELD) share price has rocketed 15% to $8.50 following the release of its full year results. Despite the negative impact of the droughts, the agribusiness company reported an underlying net profit after tax of $63.7 million. This is an increase of 9% on the prior corresponding period. Elders’ guidance for the year ahead was positive, with management continuing to target growth in the range of 5% to 10%.

The G8 Education Ltd (ASX: GEM) share price has pushed 3.5% higher to $2.45. Investors have been fighting to get hold of this childcare operator’s shares since late last week when one of its rivals reported improving trading conditions and an increase in occupancy rates. I think it is a little too soon to react to the news and would suggest investors wait for an update from G8 Education before considering an investment.

The Healthscope Ltd (ASX: HSO) share price has stormed 14% higher to $2.37 after the private hospital operator revealed that it has received a proposal from Brookfield Capital Partners and its affiliates to acquire it by way of an off-market takeover offer. A scheme of arrangement representing total value of $2.585 per share has been tabled, valuing Healthscope at approximately $4.5 billion. Due diligence has been granted to Brookfield Capital Partners.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Elders 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 Scott Phillips.

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