At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. The benchmark index is currently down 0.1% to 6,754.1 points.
Here's what is happening on the ASX 200 today:
ANZ shares edge lower
The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is edging lower on Thursday. This follows the completion of the institutional component of the banking giant's capital raising. ANZ raised gross proceeds of approximately $1.7 billion at a 12.7% discount of $18.90 per new share. These funds are being used for the acquisition of the banking operations of Suncorp Group Ltd (ASX: SUN).
Link accepts takeover offer
The Link Administration Holdings Ltd (ASX: LNK) share price is zooming higher after Dye & Durham agreed to increase its takeover offer again. Dye & Durham has lifted its offer from $4.57 per share to $4.81 per share. This has gone down well with the Link board, which is recommending shareholders vote in favour of the proposal. Shareholders will also be entitled to a 13 cents per share consideration from the potential sale of Link's BCM business.
Zip share price higher on Q4 update
The Zip Co Ltd (ASX: ZIP) share price is pushing higher today. Investors have been buying the buy now pay later (BNPL) provider's shares after responding positively to its quarterly update. Zip reported group quarterly revenue growth of 27% to $160.1 million from its 12 million customers. The company also revealed that it is closing down its Singapore, Zip Business, and Pocketbook businesses. It is also looking at options for other Rest of the World businesses, including the UK.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Thursday has been the Telix Pharmaceuticals Ltd (ASX: TLX) share price with a gain of over 15%. This follows the release of a strong quarterly update. Going the other way, the worst performer has been the Imugene Limited (ASX: IMU) share price with a 5% decline on no news.
