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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