ASX stocks of interest at the close of trade on Friday, December 14:
NEC – NINE ENTERTAINMENT – down 14.5 cents, or 8.9 per cent, to $1.485
Shares in Nine Entertainment plummeted after major investor Deutsche Bank halved its stake in the newly-merged media giant.
API – AUSTRALIAN PHARMACEUTICAL INDUSTRIES – up 12.5 cents, or 8.5 per cent, to $1.595
SIG – SIGMA HEALTHCARE – up 17.5 cents, or 43.2 per cent, to 58 cents
Drug distributor Australian Pharmaceutical Industries has offered about $727 million to buy all of rival Sigma Healthcare, aiming to consolidate in the face of increased competitive and regulatory pressures.
WES – WESFARMERS – unchanged at $31.28
Wesfarmers has appointed mergers and acquisitions expert Mike Roche to its board as it looks for fresh opportunities after offloading Coles and exiting the UK hardware market.
CIM – CIMIC – up 47 cents, or 1.1 per cent, to $43.04
Engineering firm CIMIC has announced a fresh buyback of another 10 per cent of its shares over the next year.
CSR – CSR LIMITED – down 12 cents, or 4.3 per cent, to $2.69
CSR managing director and chief executive Rob Sindel will quit within 12 months after a “difficult period” in the building cycle during which the company’s share price halved and its troubled Viridian Glass business was put up for sale.