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ASX 200 rises 1.2%




The S&P/ASX 200 Index (ASX: XJO) went up by 1.2% today to 6,743 points.

Here are some of the highlights from the ASX:

Bingo Industries Ltd (ASX: BIN)

The Bingo share price went up by around 20% after the waste management business received a takeover bid.

Bingo revealed that it had received an solicited, highly conditional, non-binding, indicative proposal from funds advised by CPE Capital (CPEC) on behalf of CPEC and a consortium.

The company said that the offer to Bingo shareholders represented $3.50 per share in cash. There is also the possibility of an offer of cash and unlisted scrip for the offer.

Bingo said that the proposal is subject to a number of conditions, including financing and due diligence.

The offer is currently being…

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