Information technology stocks continued to advance at midday Tuesday, rising a little over 1%, tracking advances in futures contracts for the S&P 500 and the Nasdaq index.
Atturra (ASX:ATA) signed a share purchase agreement to acquire DalRae Solutions through its unit, Atturra PHC, for an upfront consideration AU$4.8 million in cash as well as a post-completion consideration of up to AU$15.2 million in cash, subject to DalRae achieving certain performance targets.
On the other hand, the materials sector slipped 0.6%, after the price of iron ore fell.
Kingsrose Mining (ASX:KRM) said BHP Group (ASX:BHP) decided to proceed with its Finnmark exploration alliance with Kingsrose in Norway into the second year with increased exploration funding of $3.5 million. BHP decided to cease funding of and terminate the Central Finland exploration alliance to focus on the Finnmark alliance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.