The ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful this week. Here are four big stories you may have missed that affected the ASX 200 index:
Crown Resorts Ltd (ASX: CWN) (is not getting a) takeover
Australia's biggest casino business was a takeover target this week, by global casino operator Wynn Resorts. A takeover price of $14.75 per share was discussed.
However, the discussions were actually meant to remain private and confidential, which led Wynn Resorts to pull out of talks. However, some people believe it could be taken over by someone else.
Election
The Australian Federal election has been called and has raised a number of different questions about the future of negative gearing, franking credits and so on.
What will happen to the big ASX bank shares like Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC)? We'll have to see.
Suing season
Quite a number of Australia's biggest companies are currently being sued. The big banks are facing class actions because of what was discovered during the Royal Commission.
However, this week both Insurance Australia Group Ltd (ASX: IAG) and IOOF Holdings Limited (ASX: IFL) announced that they had been served with legal proceedings.
Buy now, pay later sector keeps going
The share prices of Afterpay Touch Group Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) continues to rise and both of them have hit record highs.
Other competitors are now thinking about listing onto the ASX due to the popularity of the sector. Sezzle could be the next one to hit the boards.
