Business
ASX 200 rises 1.2%
The S&P/ASX 200 Index (ASX: XJO) went up by 1.2% today to 6,743 points.
Here are some of the highlights from the ASX:
Bingo Industries Ltd (ASX: BIN)
The Bingo share price went up by around 20% after the waste management business received a takeover bid.
Bingo revealed that it had received an solicited, highly conditional, non-binding, indicative proposal from funds advised by CPE Capital (CPEC) on behalf of CPEC and a consortium.
The company said that the offer to Bingo shareholders represented $3.50 per share in cash. There is also the possibility of an offer of cash and unlisted scrip for the offer.
Bingo said that the proposal is subject to a number of conditions, including financing and due diligence.
The offer is currently being…
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