The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 1.32% on Friday.

Australian Dollar ($A) (AUDUSD): 69.31US cents

Dow Jones (DJI): down 1.41%

Oil (WTI): $US52.65 per barrel

Gold: $US1,305 per ounce

ASX Sharemarket News

In ASX sharemarket news, healthcare software business Volpara Health Technologies Ltd (ASX: VHT) has gone into a trading halt to announce a capital raising and an acquisition.

The target is MRS Systems, a medical technology company whose AI imaging algorithms assist in the early detection of breast cancer.

Volpara is raising $55 million to fund the $21 million acquisition. The rest of the money will be used to fund further organic growth.

MRS has an estimated 20% market share of breast clinics in the US where it is used in more than 1,700 locations and is forecasting annual recurring revenue of US$4.5 million for the 2019 year and capital sales of US$7.5 million.

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Pallets and containers business Brambles Limited (ASX: BXB) has announced that it has completed the sale of its IFCO RPC pooling business to Triton, a subsidiary of the Abu Dhabi Investment Authority for an enterprise value of US$2.51 billion.

Brambles also said that it intends to return up to US$1.95 billion of proceeds from the transaction to shareholders with a return of cash of up to US$300 million and buy-back of up to US$1.65 billion. The rest of the money will be used to repay debt.

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Shares of nickel business Nickel Mines Ltd (ASX: NIC) have gone into a trading halt so that it can undertake a capital raising from investors.

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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).

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