Stocks of the Hour: Incitec Pivot, Sequoia Financial, Novonix

Company News

by Melissa Darmawan

In M&A news, Incitec Pivot (ASX:IPL) has inked a deal to buy French explosives maker Titanobel for $142 million. It’s expected to close by June this year. Shares are trading 0.3 per cent higher at $3.31.

Elsewhere, Sequoia Financial (ASX:SEQ) has revealed its latest acquisition adding a legal practice under its wing. Previously known as Topdocs Legal, now renamed Docscentre Legal, the $330,000 deal is earnings accretive as of today. Shares closed 4.4 per cent higher at $0.71 on Friday.

ASX-listed battery maker Novonix (ASX:NVX) has progressed further on plans to list on Wall St's tech heavy Nasdaq. The news followed the first announcement in May after unveiling its plans to list on another exchange. Shares are trading 1.7 per cent higher at $9.51.

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