Fonterra names audit chair ahead of possible sale
Dairy group Fonterra has named a new audit chair as it prepares for the sale of its consumer business in Australia and New Zealand.
Dataroom
Hollywood beckons as Blackbird backs AI filmmaker
Australia’s biggest venture capital fund is backing the burgeoning industry of artificial intelligence-powered filmmaking, saying it ‘loves partnering from the very beginning’. Here’s how movies are set to change.
Director pockets $297m of share joy
The successful merger of Sigma Healthcare and Chemist Warehouse has been good news for director Damien Gance who this month pocketed almost $300m from offloading 100m shares.
Abacus takeover bid riles shareholders
A push by South African billionaire Nathan Kirsh and US giant Public Storage to take over the Abacus Storage Property Trust is raising the hackles of minority shareholders.
Stonepeak takes 75pc stake in IOR
The New York investment firm of richlister Michael Dorrell has taken a 75 per cent stake in one of the nation’s largest fuel and logistics providers.
Respite from natural disasters lifts insurers to record profits
Australia’s general insurers posted a record $6.1bn in collective profit for 2024 – more than triple the five-year average – as rising premiums supercharged earnings.
Interblock in focus as Aristocrat Leisure looks for deals
Aristocrat Leisure is on the hunt for deals, and the $1bn Interblock is the name that continues to feature in the discussions.
Top fundies launch new investment group with micro cap focus
Ex Colonial First State Global Asset Management and First Sentier fund managers are targeting micro cap stocks.
Bapcor revs up management ranks after Bain Capital bid
The $1.6bn automotive company will refresh the strategy to improve share price performance.
Ex-Deutsche banker resigns from NZME board amid shareholder battle
A director resisting a push by investors to roll the board of the embattled publisher of the New Zealand Herald is leaving for ‘personal reasons’.
Suitors given more time to mull Incitec Pivot fertiliser unit
Short-listed parties weighing up a purchase of Incitec Pivot’s assets will be given more time to assess the opportunity in light of the volatile market conditions.
Global interest in Ravenswood gold mine
Indonesian suitor United Tractors is understood to have tapped Standard Chartered as part of its quest to buy the Ravenswood gold mine in Queensland.
Why the rising gold price has Bellevue changing its game plan
Global instability causing investors to seek safe havens meant closing out hedging contracts was pressing for the Aussie miner.
Scape begins dance with capital partners over $3bn-plus deal to buy Brookfield’s Aveo
The student accommodation provider is in the delicate phase of working out who it acquires the retirement village operator with after signing up to engage exclusively with owner Brookfield.
Market speculation surfaces on GPT-Dexus merger talks
Dexus has once again emerged as a topic of conversation in the real estate industry, but this time the talk is not about Blackstone’s interest, but GPT’s.
Glencore visit spurs Rio talk
Top executives from Swiss miner Glencore were in Australia last week, prompting some to ask whether the charm offensive was a precursor to a major move.
Peabody-Anglo American deal hard to break: experts
A move by Peabody Energy to extract itself from its $5.8bn deal to buy Anglo American may be fraught with challenges, including a costly lawsuit.
LG Chemical courted by MinRes
South Korea’s LG Chemical is understood to be among the companies offered to buy a stake in the Wodgina lithium operation put on sale by Mineral Resources.
Santos shopping for LNG in the US
The $17bn Australian-listed Santos is understood to have been shopping for liquefied natural gas opportunities in the US.
NZME hires UBS in activist investor battle
The fight for control of one of New Zealand’s most important media companies continues to escalate.
Healthscope moves to cut ties with Northern Beaches Hospital
The country’s second largest private hospital operator, owned by Brookfield, has confirmed it wants to discuss handing back the keys of the Northern Beaches Hospital to the NSW government.
Private equity firm recently weighed Endeavour Group bid
As a star retail executive was courted for the CEO role a suitor also looked at buying the Dan Murphys store owner.
Lendlease investment clients look for exits
Some of Lendlease’s institutional investment clients have started seeking legal advice about shifting funds to other real estate managers.
Domain deal hopes falling with its share price
As Domain’s share price lost further ground on Wednesday, the market seems to be betting on suitor CoStar walking away.
Mineral Resources considered raising, Wodgina sale, say sources
The Chris Ellison-backed group is said to have been quietly assessing options to reduce its $5bn net debt balance.
Crunch time nearing for Healthscope
Brookfield’s next move for the embattled hospital group could be to place the business into voluntary administration.
Media deals raise questions over Nine’s next move
The QMS takeover of Mediaworks and the outcome of CoStar’s Domain play will have big implications for industry peers.
GLNG offer price unlikely to be enough to win Meridian CSG
Despite lodging a bid, Santos-backed Gladstone LNG might be out of the running to buy coal seam gas business Meridian because other suitors could make a better offer.
Dai-ichi deal fuels talk of Challenger takeover
The share purchase by the Japanese financial powerhouse could be the first step in a takeover of Challenger.
Permira’s $3bn I-MED sale process springs back to life
The process for the country’s largest diagnostic imaging network stalled last year, but bidders are circling again.
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