Link Administration, Charter Hall, and Rio Tinto were all involved in major corporate deals on Wednesday as Australian shares edged up 0.1 per cent.
P/ASX 200 edged 0.1 per cent, or by 9.8 points, higher to 7364.8 on Wednesday as a strong rebound for the technology sector and new merger and acquisition deals offset modest falls among the banks and miners.
The worst performer on the benchmark index was new listing and gold explorer Falcon Metals. The Chalice Mining spin-off hit the ASX boards after issuing 60 million shares at 50¢ for an indicative $88.5 million market cap, but ended 29 per cent lower at 35.5¢.Shares in Link Administration soared 15 per cent to $5.51 after it received a $C3.
Shares in funds administration platform Praemium closed 2.1 per cent higher after it received a $35 million cash takeover offer from Nasdaq-listed wealth management group Morningstar on Tuesday evening.project in Argentina from Sydney private equity group Sentient Equity Partners.
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