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Australian Investment Blog

ASX:BAP

Bapcor (BAP) celebrity CEO to depart

BAP -9.58%: the auto parts and servicing business announced the CEO Darryl Abotomey will retire in February next year, sending the stock plummeting.

ASX:IPL

Incitec Pivot (IPL) cracks 2 year highs

IPL +3.85%: Shares in the fertilizer & explosives business shot out of the range today, trading to 24 month highs early before giving up most of the gains.

ASX:SIQ

SmartGroup (SIQ) walks from takeover talks

SIQ -10.6%: The bid for the leasing + salary packaging business was essentially pulled today, with the private equity consortium reducing the bid price from $10.35 to $9.25 forcing SIQ’s board to walk away.

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