The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday: ** Apple Inc will purchase Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, hoping to win points with the music industry and help it catch up in fast-growing music streaming. As expected, Beats co-founders Iovine and rapper Dr. Dre will join Apple as part of the acquisition of the music streaming and audio equipment company.** The Australian government cleared a $1 billion bid by Chinese state-owned Baosteel Resources for iron ore miner Aquila Resources Ltd, removing the only regulatory hurdle to the deal.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 0.77% or $4.786/share to $628.80. In the past year, the shares have traded as low as $388.87 and as high as $629.83. On average, 9564510 shares of AAPL exchange hands on a given day and today's volume is recorded at 1343871.
Aquila Resources Inc. (Aquila) is a natural resource company engaged in the acquisition, exploration and development of the Back Forty Project and other base and precious metal projects in the United States. Shares of AQA remained unchanged at $0.11. In the past year, the shares have traded as low as $0.08 and as high as $0.17. On average, 42379 shares of AQA.TO exchange hands on a given day and today's volume is recorded at 3000.
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