The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) fell by 0.04% on Tuesday.
Australian Dollar ($A) (AUDUSD): 69.62US cents
Dow Jones (DJI): down 0.05%
Oil (WTI): $US52.87 per barrel
Gold: $US1,327 per ounce
ASX Sharemarket News
In ASX sharemarket news, global packaging business Amcor Limited (ASX: AMC) has announced that it has completed the acquisition of Bemis, creating the ‘global leader’ in consumer packaging.
The company will now operate as Amcor plc and is now included in both the S&P 500 and the ASX 200.
Amcor CEO Ron Delia said the acquisition was a: “significant milestone as two strong companies with histories each dating back over 150 years look forward to one great future.
“The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor’s industry leading value proposition and generate significant value for shareholders.”
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IT wholesaler business Dicker Data Ltd (ASX: DDR) announced it is launching a new division called ‘Dicker Data Financial Services’.
The idea is to meet the shift from capital expenditure spending to operational spending with growing demand for device as a service (‘DaaS’) and infrastructure as a service (‘IaaS’).
The service will be a monthly payment solution that can be tailored to the customer.
Dicker Data CEO and Chairman David Dicker said: “I’m pleased to bring this unique financing solution to market for our reseller partners. Our success has always been driven by leveraging our in-house expertise and by providing highly differentiated solutions.”
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ASX tech company Appen Ltd (ASX: APX) confirmed that the founder of recent acquisition Figure Eight, Lukas Biewald, has completed the purchase of Appen shares.
He has spent around US$1.5 million buying Appen shares, which was included in the acquisition agreement. The shares will be held in escrow for 24 months after the acquisition date on 2 April 2019.
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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).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.