NetComm Wireless shareholders are being urged by the board to vote in favour of a $1.10 per share offer from Casa Systems, while shareholder and accountant Tas Davies has written to shareholders saying the offer should be rejected because shares should be valued at between $1.83 and $2.09.

Mr Davies is urging shareholders who want the offer to sell their shares into the market at the current price, $1.09, or vote down the scheme at a meeting on 7 June and risk the volatility of NetComm's future growth.

Meanwhile chairman Justine Milne, who recently saw MYOB safely transferred over to new owners, today urged shareholders to vote in favour of the Casa deal.

"...your directors believe that if the scheme does not proceed, and so superior proposal is received, then there is strong risk that NetComm's share price will fall and trade at a price below the scheme consideration of $1.10 cash per Netcomm Share, and possibly below the price before the bid from Casa, which was 72 cents per share," Mr Milne wrote in a letter to shareholders today.

The S&P/ASX 200 is currently 5 points higher at 6461, a rise of just 0.08 per cent. Ninety six companies are trading higher and 96 are lower, with 8 unchanged.

The most points are being added by iron ore miners BHP, Rio Tino, and Fortescue, and takeover target Vocus. Telstra Corp is dragging with a fall of 1.4 per cent to $3.57, and Woolworths is down 1.1 per cent to $32.35. QBE Insurance is down 2.7 per cent to $12.30.

Australia Post chief executive Christine Holgate has some unconventional advice for businesses looking to export products to China. "Go see a fortune teller, get yourself a photo with the president and you've nailed it," Ms Holgate told an audience of small businesses at Australia Post's Crossborder Ecommerce Expo last week.

Ms Holgate's sales team urged her to try and get a photograph with Chinese president Xi Jinping at the high profile summit of global leaders, in a bid to boost Blackmores' sales in China. At the time, the company was generating sales of under $1 million for the year despite spending around $10 million in the country on staff and marketing.

"Because everyone told me I didn't stand a chance, I went to a fortune teller," Ms Holgate said. "The fortune teller told me I had to wear a piece of green, so I wore a white dress with a green necklace". Wearing her green necklace Ms Holgate chatted with Qantas chief executive Alan Joyce, BHP Billiton chief executive Andrew McKenzie and ANZ chief executive Mike Smith as they waited to enter the G20 event.

Read the rest of the story from Cara Waters here

UBS analysts led by James Brennan-Chong downgraded their rating on BlueScope Steel on Friday from 'buy' to 'neutral' with a price target of $13, down from $16. Shares are trading at a 4-month low of $11.42 today, but were as high as $14.88 in April

"We downgrade our rating on BlueScope to Neutral, from Buy, as we see the business facing pressures from 1) the removal of Canadian and Mexican steel tariffs; 2) high iron ore prices and 3) softening demand for detached houses in Australia," he wrote in a note to clients.

"In our view, despite weakening US spreads we think BlueScope Steel will still push ahead with the North Star expansion as it is the right strategy long term given its low cost base."

It expects Bluescope's Colorbond sales to weaken with the pullback in detached housing, but believes we have seen a floor in the Australian housing market. The team also cut its full year earnings estimates for this financial year and next to be 35 below consensus. They forecast net earnings for 2018-19 of $946 million and for 2019-2020 of $484 million.

Vocus Group has opened its books to Swedish private equity group EQT Infrastructure after the telco received a $3.3 billion indicative offer. In a statement to the ASX on Monday, Vocus it had received a confidential, non-binding indicative proposal at $5.25 a share, subject to due diligence. Vocus shares closed on Friday at $3.89.

The board, led by Bob Mansfield, said there is no certainty the process will lead to an offer for the telco. Vocus shares were trading as high as $9 just three years ago. The telco was hit with a class action in April over a profit downgrade in 2017 that triggered a share price rout.

Vocus said at the time that it would defend the claim brought against it by law firm Slater and Gordon on behalf of investors in the group. In a statement of claim, the shareholders allege Vocus also breached its continuous obligation requirements by not confessing to its missed profit forecast to investors earlier.

Read the full story from Colin Kruger here

A bit of political news, as politics is weighing heavily on markets this week. Brace yourself Brussels, Silvio Berlusconi, at 82 years of age, has been elected as a Minister of the European Parliament.

Shares in waste removal company Bingo Industries are up 70 per cent since February, when the stock crashed from $2.30 to $1.17 after it issued a profit warning due to faster than expected slow down in apartment construction on 18 February.

Since then it announced plans for a $75 million share buy-back and to buy Dial A Dump Industries. And US investment firm Capital Group has taken a 5.2 per cent position last week with the purchase of 34.5 million shares for an average of $1.88.

Today the stock is trading at $1.97.

As expected, Healthscope's managing director and chief executive Gordon Ballantyne is leaving the business on 6 June when Brookfield takes control of the company.

Mr Ballantyne has been with Healthscope for two years and was previously at Telstra, where he was retail group executive and seen as a potential chief executive candidate.

Shares in Vocus are up 22 per cent to $4.74 after it received a bid from Swedish private equity firm EQT Infrastructure to buy 100 per cent of the company at $5.25 per share.

The Vocus board has granted EQT due diligence access to enable it to put a formal binding proposal to Vocus in two weeks. Vocus is being advised by UBS and Allens.

More to come

The S&P/ASX 200 has opened flat as expected. It is currently up 1 point to 6457.1 points.

Iron ore miners are doing well with BHP up 1.66 per cent to $38.07, Rio Tinto is up 1.7 per cent to $102.98, and Fortescue is up 1.6 per cent to $8.35.

Other early risers include Iluka Resources with a 4.3 per cent gain to $9.56 and Western Areas mining is up 4 per cent to $2.26.

Early laggers include Fisher & Paykal Healthcare, down 4.2 per cent to $15.14. This morning it announced a 10 per cent rise in net profit to $NZ209.2 million ($197.6 million). However, it also suspended its dividend reinvestment plan. "Given the company's strong performance over the last five years and reductions of debt to below the target gearing range, the Board has determined to suspend the dividend reinvestment plan." Shareholders who usually use the reinvestment plan will receive cash on 5 July.