Stocks of the Hour: Afterpay, Santos & Home Consortium

02/08/2021 16:00:00

This video is not supported on your device. Click here for the original version.
US payment platform Square has agreed to acquire all shares in buy now, pay later giant Afterpay (ASX:APT) for $39 billion. Square plans to integrate Afterpay into its existing seller and cash app, allowing merchants to offer BNPL at checkout. Shares in Afterpay (ASX:APT) are trading 20.1 per cent higher at $116.07

Energy suppliers Santos (ASX:STO) and Oil Search (ASX:OSH) have reached an agreement on merger ratio via a revised offer from Santos. Following approval, Oil Search shareholders will own approximately 38.5 per cent and Santos 61.5 per cent. Shares in Santos (ASX:STO) are trading 0.3 per cent higher at $6.47.

Home Consortium's (ASX:HMC) proposed HealthCo and Wellness REIT has entered an agreement to raise $650 million. The raising was upsized by $50 million following a high level of investor interest. Shares in Home Consortium (ASX:HMC) are trading flat at $5.99.