The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index
(.INX) went up 0.30% on Tuesday.
Australian Dollar ($A) (AUDUSD): 70.79US cents
Dow Jones (DJI): down 0.38%
Oil (WTI): $US57.09 per barrel
Gold: $US1,301 per ounce
ASX Sharemarket News
In ASX sharemarket news, packaging giant Amcor Limited (ASX: AMC) has just announced important progress towards transaction close of its acquisition of Bemis.
The global packaging business said that Amcor and Bemis have filed important shareholder documentation and finalised Board of Director and senior leadership positions.
Amcor CEO Ron Delia said: “As we approach the closing of the transaction, the opportunities to further strengthen our industry leading value proposition for customers, employees and the environment and to create value for shareholders are even clearer.”
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GPT Group (ASX: GPT), a real estate investment trust (REIT), has announced it is selling its 50% share of the MLC Centre for $800 million. This is a 3% premium to the book value at December 2018 and it has achieved annualised returns per year of more than 20% over the past three years.
GPT CEO Bob Johnston said: “The sale capitalises on the significant repositioning of the asset over the past five years. The proceeds from the sale will be reinvested primarily into our development pipeline, which we believe will generate better long term returns for investors.”
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Listed investment company (LIC) Naos Emerging Opportunities Company Ltd (ASX: NCC), led by Sebastian Evans, has announced its performance for February 2019. Its portfolio rose by nearly 5%.
Naos named Enero Group Ltd (ASX: EGG), CML Group Ltd (ASX: CGR) and BSA Limited (ASX: BSA) as positive contributors for the month.
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