Damstra and EML Payments surged on acquisition news today.
ASX closed green; EML Payments surged on Sentenial acquisition; Damstra soared on acquisition news
The ASX200 closed Thursday’s session 1.88% higher at 7332.20.
EML Payments rallied after announcing Sentenial acquisition completion.
Damstra surged after announcing acquisition of TIKS.
The Australian market’s red run came to an end today as the key index closed 1.88% higher at 7332.20 and all sectors finished the session in positive territory. Materials stocks led gains on the ASX today, while Orica Limited surged 14.52% as the top performing stock today.
The tech sector closed 0.6% higher on Thursday as Codan soared 6.51%, EML Payments added 3.46% and Wisetech Global rallied more than 2.8%.
Bitcoin is trading 3.03% higher over the last 24-hours at US$43,527.76 at 4:45pm AEST.
Australian-based payment processing tech company EML Payments rallied today after announcing it has successfully completed the acquisition of Sentenial following approval by French and UK financial regulators. Under the deal, EML Payments will take control of Nuapay, Sentenial’s account-to-account payment services platform.
Making headlines, global leading enterprise protection and workforce management system software company Damstra surged today after announcing it has entered into a share sale agreement to acquire 100% of the shares in TIKS, an Australian-based workplace safety and compliance company, for $2.5m in cash, $12m worth of share issue to the vendors in fully-paid ordinary shares in Damstra, and a $3.5m cash payment deferred for 12 months.
And Google Maps has rolled out a new feature which will tell users if the route they are traveling on is impacted by fire.
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