More action to come at Uniti Group: JPM
Morrison & Co’s bid for Uniti Group is “only reasonable” and leaves the door open for other suitors, according to JP Morgan analysts.
Source: afr.com
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Uniti bid extends Morrison & Co's digital infrastructure spree
HRL Morrison & Co has described the digital industry as a “critical building block of society” as it snaps up more assets.
Source: afr.com
Oil price falls to US$95, Nickel trade to resume on LME, S&P snaps 3-day losing streak: ASX to rise
16 Mar 2022 - Wall St soars as dip buyers emerge amid hopes of a positive outcome on peace talks between Russia and Ukraine. Commodity prices continue to slide amid nickel trading to resume on LME in 24 hours. China and Hong Kong stocks slumped amid Covid-19 lockdowns, tech regulation and Russia ties.
Source: finnewsnetwork.com.au
S&P/ASX200 index: Miners sink ASX as Chinese growth stalls
The S&P/ASX 200 Index fell 0.7 per cent; Stanmore Resources sank 22.7 per cent to $1.43 and Yancoal Australia dropped 19.4 per cent to $4.19.
Source: afr.com
Uniti negotiates $3b sale to HRL Morrison
Broadband services provider Uniti fielded a $3 billion acquisition offer from HRL Morrison and will hold exclusive talks with the NZ infrastructure group until April.
Source: afr.com