LA Private

January 2024

BWP plans to acquire Newmark Property in $247 million deal

Bunnings landlord, BWP (ASX:BWP), is set to acquire its smaller rival, Newmark Property (ASX:NPR), in a $247 million deal, exceeding Newmark’s Tuesday valuation by over 40%. Newmark Property counts Bunnings, Officeworks, and Kmart among its tenants, all Wesfarmers chains, and had a market value just above $175 million on Tuesday’s close. Both entities announced an

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Netflix boosts Wall Street with surprising subscriber growth

Netflix is set to propel Wall Street higher when trading resumes on Wednesday, following the streaming giant’s remarkable performance in adding more subscribers than anticipated for the three months ending in December 2023. In October of last year, Netflix projected an increase of approximately 8 to 8.7 million new customers, a figure in line with

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icetana reports strong growth in Q2 FY24 with record revenue and expansion

icetana Limited (ASX:ICE), a leading artificial intelligence video analytics software company that aids security and IT teams in managing large-scale surveillance networks, has released its quarterly report for the period ending December 31, 2023 (Q2 FY24). The company reported significant achievements and robust growth during the quarter. Key Highlightsicetana achieved an annualised recurring revenue (ARR)

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Stocks of the Hour: Newmark Property REIT, Harvest Technology Group, NickelSearch

Newmark Property REIT (ASX:NPR) has entered into a merger agreement in relation to a proposed all-scrip merger with BWP Trust. Under the proposed merger, BWP will offer to acquire 100% of NPR’s securities via an off market takeover offer for consideration comprising 0.40 BWP units per NPR security. The consideration under the Proposal represents an

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