Business
Why BetMakers, Medical Development International, Qantas, & Zip are dropping lower
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) looks set to end the week on a strong note. At the time of writing, the benchmark index is up 0.5% to 6,646.2 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
BetMakers Technology Group Ltd (ASX: BET)
The BetMakers share price is down 10% to 64 cents. Investors have been selling the company’s shares after an update on its potential game-changing acquisition of assets from Sportech. This morning BetMakers revealed that Sportech has received a takeover offer from Standard General. It has granted Standard General due diligence in the hope of receiving a firm offer.
Medical Developments International Ltd
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