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Crown rallied 2% on acceptance of Blackstone takeover offer

The Australian market started the week in positive territory, boosted by a 5% surge in the gold mining sector as investors piled into safe haven stocks like gold amid rising tensions between Russia and the Ukraine. The ASX200 closed Monday’s session 0.37% higher at 7243.90

The stocks that made headlines today were:
Crown shares rallied 2% today after the resort and casino giant announced it has accepted the almost 9 billion dollar takeover offer from US-based investment management company, Blackstone.

JB Hi-Fi jumped 5.4% today after releasing first half results including 20.9% sales growth since the first half of 2020, and the inclusion of a 250 million dollar share buy back.

And Praemium tanked 13.88% today after also releasing first half results including a swing to a loss of 2.8 million dollars, down from a profit of 2.6 million dollars in the prior corresponding period.

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