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ASX 200 rises, TWE jumps, Zip sinks on Monday 8 March 2021



The S&P/ASX 200 Index (ASX: XJO) went up by 0.4% today to 6,740 points.

There were a number of movers today in the ASX 200, including the Zip Co Ltd (ASX: Z1P) share price which fell 6.7%.

Here are some of the highlights from the ASX:

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price rise more than 6% today on rumours that it’s the potential target of a takeover.

According to reporting by This is Money, there is talk that the large French business Pernod Ricard is thinking about launching a takeover offer for Treasury Wine Estates.

Pernod Ricard could want to buy some, or all, of Treasury Wine Estates.

Reportedly, there is an offer $15.67 per share, though the reporting couldn’t say if the offer was from the…

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