US investment firm Oaktree has escalated the bidding war with The Star and Blackstone for beleaguered casino giant Crown Resorts (ASX:CWN)
, with a revised funding offer of $3.1 billion. The proposal promises to assist the $8.3 billion entertainment company in buying back Consolidated Press Holdings’ 36.8 per cent interest in Crown.
Shares in Crown Resorts (ASX:CWN)
are trading 0.6 per cent lower at $12.14.
Troubled data analyst Nuix (ASX:NXL)
has announced two new executive-level departures, in the wake of a problematic IPO followed by two consecutive guidance downgrades. The Macquarie-backed firm will farewell its Chief Financial Officer Stephen Doyle and Chief Executive Rod Vawdrey under mutual agreements.
Shares in Nuix (ASX:NXL)
are trading 4.2 per cent higher at $2.76.
The Australian Department of Defence has assigned NIOA’s subsidiary, the Australian Missile Corporation, to develop a guided missile programme for the nation, named the Sovereign Guided Weapons Enterprise (SGWE). Semiconductor manufacturer Archer Materials (ASX:AXE)
has on Monday confirmed a deal with NIOA to design and supply semiconductor technologies to the guided missile system.
Shares in Archer Materials (ASX:AXE)
are trading 3.4 per cent higher at $0.76.
Integrated financial services provider Sequoia (ASX:SEQ)
has made a second upgrade within two months to its guidance for FY21 underlying profit or EBITDA. The owner of this masthead has revised its forecast for EBITDA in the financial year from a range between $8.5 million and $9 million to approximately $11 million, representing an upgrade of between 22 and 29 per cent.
Shares in Sequoia Financial Group (ASX:SEQ)
are trading 6 per cent higher at $0.53.