Stocks to watch on the Australian stock exchange:
BWX – BWX LTD – up $1.75, or 39.7 per cent, at $6.16
Personal care products marketer BWX has received an $810 million buyout bid from senior managers teamed up with private equity player Bain Capital.
HSO – HEALTHSCOPE – down 11 cents, or 4.5 per cent, at $2.35
Private hospital operator Healthscope has rejected two competing takeover proposals that it says undervalues the company, even as it lowers its earnings guidance due to the closure of two underperforming hospitals in Victoria.
JHX – JAMES HARDIE INDUSTIRES – up 90 cents, or four per cent, at $23.35
The building material supplier’s full-year profit has fallen 47 per cent to $US146.1 million, but its net sales improved seven per cent and it expects steady growth in the US housing market to continue.
TNE – TECHNOLOGY ONE – down 35 cents, or 7.1 per cent, at $4.60
The software company’s half year profit rose one per cent to $10.4 million, and it said it is on track for full year profit growth of between 10 and 15 per cent.
TLS – TELSTRA CORP – down 7.5 cents, or 2.7 per cent, at $2.725
The telco’s shares are at a seven year low, as it said Monday’s network outages were caused by a software fault, which left customers unable to make calls or use mobile data, the second widespread network outage in a month.