This Month
Struggling Bowen Coking Coal hit with $15m demand
The miner’s shares had been suspended for weeks after warning depressed prices and higher royalty payments put its future at risk.
Banks and major retailers extend Armaguard lifeline to buy cash time
The Fox family-owned business had secured a $50 million injection last year, and will use the money to operate while a permanent solution is found.
Johns Lyng agrees to $1.3b takeover bid from private equity suitor
The building services giant had seen its share price slump from highs of more than $9 to less than $4 prior to the buyout discussions with Pacific Equity Partners.
Lactalis gets pre-emptive ACCC green light for Fonterra spin-off sale
The French giant is interested in buying the division behind Mainland and Perfect Italiano cheese and Western Star butter from the New Zealand cooperative.
Banks say borrowers aren’t reducing home loan repayments as rates fall
Three major lenders say only one in 10 customers are asking to pay less, a blow to retailers who have hoped the RBA’s moves would stimulate sluggish spending.
CoStar will appoint Jason Pellegrino to run Domain after $3b buy
The American real estate giant outlined its intentions with the property listings platform, including a possible “major rebrand” before a vote on the deal.
June
Future Fund ditches Dexus as manager of its Melbourne Airport stake
The $300 billion fund has only just been approved to manage assets internally. Dexus is already fighting with Australian Pacific Airports Corporation investors.
Booktopia owner digiDirect snaps up video game hardware business Mwave
The computer accessories and hardware retailer had been backed by private equity firms including Anacacia Capital but fell into administration this month.
Hanwha says it has the green light to buy all of Austal, if it wants
But the ASX-listed shipbuilder said the approval from US foreign investment officials claimed by the Korean conglomerate was “different to that claimed”.
Sympli puts up the white flag, proposes working with arch-rival PEXA
The ASX-listed conveyancing services giant, backed by Commonwealth Bank, says it is “not the role of competitors” to discuss industry structure.
Can the Murray cod finally hook Australia an aquaculture giant?
It’s a fish that can be found on the menu of white tablecloth diners. But shrinking supply of premium species is a big opportunity for this ASX-listed company.
Betashares to expand into private credit after ETFs hit $50b
The exchange-traded funds giant, backed by Singapore’s Temasek and Boston-based TA Associates, sees a big opportunity at the polar ends of the market.
May
Forrests’ Tattarang backs Bega Cheese bid for $4b Fonterra spin-off
The billionaire family’s investment vehicle says it supported the ASX-listed dairy company’s growth ambitions and interest in the NZ-based business.
April
New Endeavour chief Jayne Hrdlicka finds backers in Mathieson, Wylie
The former Virgin Australia managing director will have to stare down restive investors when she takes over at the Dan Murphy’s and BWS owner next year.
Fonterra warns uncertainty over Bega brand ‘could kill’ $4b spin-off
The New Zealand co-operative has failed in its push to have the divestment of its consumer products division declared not to be a change of control transaction.
Big banks draft in Barrenjoey as they consider Armaguard’s future
The banking lobby needs strategic advice on how the Linfox-owned cash transport business could be funded.
Ben Brazil’s FitzWalter calls off $800m InfraBuild debt suit
Sanjeev Gupta’s Australian steel-making business declined to provide details except to say the former Macquarie deal maker had agreed to dismiss the claim.
Peter Cooper overhauls $6b local equities fund after years of losses
The veteran stockpicker has told staff he will be directly involved in his firm’s main vehicle, getting rid of some managers to stop long-term underperformance.
Goldman’s 73-minute recession says everything about a reeling market
Was it The Art of the Deal, or just Donald Trump blinking in the face of a bond market shock? Either way, it’s been a day of whiplash for traders and brokers.
Coalition to strip $14.5b from key Labor fund
The National Reconstruction Fund was a centrepiece of Labor’s 2022 election pitch to revitalise local manufacturing, but the Coalition has other plans.