These three All Ordinaries Index (ASX: XAO) shares are roaring ahead of the index on Wednesday on the back of important announcements.
They're each leaping more than 10% while the index remains relatively flat, having gained just 0.1% at the time of writing.
So, what's put a spring in the All Ords shares' steps? Let's take a look.
3 ASX All Ords shares roaring higher on big news
Polynovo Ltd (ASX: PNV)
The first All Ords share surging higher today is medical device developer Polynovo. It's gaining 13% right now to trade at $1.645.
It comes on news of a record month of sales at the company. It recorded $7.2 million of sales in May.
Of those, $5.2 million came from the United States – a 97% increase on the prior comparable period – while another $1.9 million came from elsewhere – a 189% jump.
Estia Health Ltd (ASX: EHE)
Next up is shares in All Ords aged care facility operator Estia Health. They're surging 13% right now to swap hands for $2.905.
It comes on news the company has received a revised takeover bid from suitor Bain Capital. The private investment firm put forward a $3 per share bid in March.
It has now upped that offer to $3.20 per share, less any dividends paid by the All Ords share after the proposal.
The bid represents a 50% premium on the stock's most recent undisturbed closing price.
Novonix Ltd (ASX: NVX)
The final All Ords share taking off on Wednesday is battery materials and technology icon Novonix. It's roaring 11% at the time of writing to trade at $1.08.
The company today announced an agreement with battery manufacturer LG Energy Solution.
The deal will see them jointly researching and developing artificial graphite anode material for lithium-ion batteries.
Meanwhile, Novonix will issue US$30 million of convertible notes to LG Energy Solution under a separate agreement.
