Stocks to watch on the Australian stock exchange:
BWX – BWX – up $1.56, or 35.4 per cent, at $5.97
Personal care products marketer BWX received an $810 million buyout bid from senior managers teamed up with private equity player Bain Capital.
HSO – HEALTHSCOPE – down 6 cents, or 2.4 per cent, at $2.40
Private hospital operator Healthscope has rejected two competing takeover proposals that it says undervalues the company, and lowered 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 fell 47 per cent, but its net sales improved seven per cent and it expects steady growth in the US housing market to continue.
TNE – TECHNOLOGY ONE – down 30 cents, or 6.1 per cent, at $4.65
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 6 cents, or 2.1 per cent, at $2.74
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.