News for United Malt Group Limited (UMG.AX)

The ASX200 is up marginally today, by just point one of a per cent. Financials and real estate stocks are the best performers today.

Australia's Foreign Investment Review Board has granted approval for the proposed acquisition of ASX-listed international agricultural player United Malt (ASX:UMG) by French company Malteries Soufflet.

The ASX is being hollowed out by foreign takeovers and private equity bids as $100b in equities have passed from public to private hands. Why?

The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the rally seen last week.

Asian stocks rallied on Monday, as signs of a resilient U.S. economy and hopes that the Federal Reserve will taper its hawkish stance outweighed investor disappointment over sluggish PMI data from the region.

Australia stocks higher at close of trade; S&P/ASX 200 up 0.59%

The local share market has finished 0.59 per cent higher, with traders casting an eye ahead to Tuesday's Reserve Bank interest rate decision.

United Malt shares jump 8.98% this afternoon after announcing Malteries Soufflet signed a deal to buy out the craft beer and distillery producer for $5 per share. The deal still needs sign-off but could be a big move for malt producers worldwide.

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as traders react to the unexpected cooler-than-expected US inflation for May.

It was hard going but the Australian share market just snapped out of its three-week losing streak with a small gain on Friday.

Blackmores was up 22% after Japan giant Kirin lobbed a $95 bid for its stocks, implying a 23x multiple of last 12 months EBITDA.

State Street Corporation has become a substantial shareholder in hotter-than-hot lithium play Liontown Resources (ASX:LTR).

The Compleat Guide to ASX Battery Metals Stocks with Automaker Deals, where have all the IPOs gone, and all the data drops before Easter.

The ASX has snapped a 7-week losing streak, up 3.0% on the back of a surging Materials sector, while ImpediMed makes big anti-cancer waves in the US.

On Stockhead today,  After Albermale, there's an ASX M&A get to know your takeover offer BBQ on Lithium Street, and everyone's invited.

A total of 8 out of 11 sectors were higher, with Energy in front and Health Care trailing at the back of the pack.

Stocks, eh? Often hard to know what you're gonna get from that box of chocolates. Which is kind of like... sovereign citizens.

Liontown (ASX:LTR) rejects a takeover offer from lithium giant Albemarle valuing the mine developer at $2.50 per share.

On Stockhead today, Coda Minerals' Chris Stevens; Zimbabwe's gold smuggling priests; and are US mortgage-backed securities dying, again?