Business
Australian shares fall as Coca-Cola Amatil receives $9.3b takeover bid – ABC News
Australian shares finish trading lower, while Westpac announces a $1.2 billion hit to its cash earnings and Coca-Cola European Partners makes a $9.3b offer to buy…
Despite a strong start, the Australian share market lost all its momentum in afternoon trade.
Key points:
- The ASX 200 has risen 6.4pc since the month began
- The Australian dollar has lifted 1.5pc since January 1
- US-based Coca-Cola owns a 30.8pc stake in Sydney-based Amatil
The ASX 200 dropped 11 points (-0.2pc) to close at 6,156 points, while the broader All Ordinaries index slipped (-0.3pc) to 6,357.
Earlier on Monday, the benchmark index lifted by more than 0.6 per cent at its peak.
The Australian…
-
General22 hours agoa pivotal moment in Liberal power struggle
-
Noosa News22 hours agoTayla Harris stars as Melbourne defeats Essendon by 14 points
-
General20 hours agoRussia launches its biggest attack on Ukraine’s gas network since war began on the eve of winter
-
Business19 hours agoAmazon will stage a major comeback in the next 3 years. Here’s 1 reason why.