The S&P/ASX 200 Index (ASX:XJO) jumped higher today. However, the Fortescue Metals Group (ASX:FMG) share price fell after an update. The post ASX 200 surges to new record, Fortescue drops, Inghams flies higher appeared first on The Motley Fool Australia.
RBNZ’s hawkish surprise saw the Kiwi dollar trade higher through all three sessions yesterday. It also appears to have spurned some profit taking on an (arguably) over-stretched Canadian dollar.
Link (ASX:LNK) share price on watch after receiving PEXA offer James Mickleboro
The
Link Administration Holdings Ltd(ASX: LNK) share price could be one to watch on Friday.
This follows the release of an update on its PEXA business after the market close yesterday.
What did Link announce?
According to the release, Link has received a proposal for its 44.18% stake in the PEXA business from private equity firm Kohlberg Kravis Roberts (KKR). Property listings company
Domain Holdings Australia Ltd (ASX: DHG) is expected to team up with KKR on the deal.
The release explains that KKR’s offer values the PEXA business at $3 billion plus cash on the balance sheet on a 100% basis. PEXA has $126 million of cash on its balance sheet at the end of March.