July 2023
$1.5b United Malt bid sticks, surviving earlier profit warning
A French-based maker of the key ingredient in beer is looking to expand its presence with the proposed acquisition.
- Updated
- Liam Walsh
Malteries Soufflet signs binding deal to buy United Malt at $5 a share
It’s time to clink the glasses at United Malt.
- Sarah Thompson, Emma Rapaport and Kanika Sood
June 2023
Mon dieu! United Malt investors in limbo, binding offer seen end June
The GrainCorp spin-off won’t have further news for its shareholders on the bid from KKR-backed suitor Malteries Soufflet until the end of this month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May 2023
United Malt says ‘blast from the past’ beers are back
Mark Palmquist said the speciality malt mix required by customers in some of United Malt’s biggest markets was “changing in front of our eyes”.
- Brad Thompson
April 2023
Takeover target United Malt cuts earnings guidance
The global malt supplier says it is keeping a close eye on the impact of inflation on beer demand after weaker than expected first-half sales.
- Brad Thompson
March 2023
United Malt takeover money for jam
GrainCorp wasn’t lying when it told shareholders that United Malt Group was best spun-off to catch a “control premium” from a strategic buyer when the group was demerged in 2020.
- Anthony Macdonald, Sarah Thompson, Kanika Sood and Emma Rapaport
Big United Malt investor cool on $2b takeover offer
European suitor Malteries Soufflet might need to sweeten its takeover offer to win control of United Malt, according to at least one big investor.
- Brad Thompson
United Malt Group investors ask for $5, board readies ‘process’
UMG is understood to be staring at a bid worth a 40 per cent to 45 per cent premium to the last close.
- Anthony Macdonald, Sarah Thompson, Kanika Sood and Emma Rapaport
United Malt in play as European suitor drops by; MacCap on defence
ASX-listed United Malt Group has joined the long-time takeover targets to get a bid, with the company expected to unveil as approach as early as Monday.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
February 2023
More brilliant ideas from Graham Bradley
The veteran company director can almost always save the day with an earnest pronouncement.
- Joe Aston
November 2022
Energy, lithium drag ASX 0.1pc lower as oil prices slip
Shares in the ASX’s energy and utilities stocks fell after oil prices slipped, and lithium stocks also tumbled on speculation of weaker Chinese demand.
- Cecile Lefort
United Malt says beer won’t go flat in a recession
The global malt supplier sees value in a couple of pints at the pub in tougher economic times.
- Brad Thompson
October 2022
United Malt boss calls time after barley blues
United Malt chief executive Mark Palmquist to part ways two-and-a half years after he jumped ship from GrainCorp to lead the global malting spinoff which has since struggled.
- Brad Thompson
August 2022
Hangover for United Malt as rising costs bite
The world’s fourth-largest supplier of malt to the beer and whisky industries had $188m wiped from its sharemarket value.
- Simon Evans