Tag: Takeovers
ACCC approves 7-Eleven's Mobil bid
The competition watchdog has given the go-ahead for 7-Eleven and Peregrine to buy 295 Mobil service stations.[MORE]
AXA, NAB extend takeover talks
The deadline for the takeover talks between National Australia Bank, AXA Asia Pacific and AXA's French parent company, has been pushed back again.[MORE]
US private equity snaps up private hospitals
One of Australia's biggest healthcare companies, Healthscope, has been sold to a private equity consortium after a two-month takeover battle.[MORE]
Toho extends CBH Resources takeover offer
Japan's Toho Zinc has again extended their takeover offer period for CBH Resources, operators of the Rasp Mine in Broken Hill.[MORE]
Company confident over beef takeover
A Brazilian-owned company hoping to buy Rockdale Beef appears confident the sale will be allowed, despite concerns about reduced competition.[MORE]
Sigma shares surge despite reduced bid
Africa's largest drug company, Aspen, has reduced its takeover offer for Sigma Pharmaceuticals to $648 million.[MORE]
Anglo American offloads NSW, Qld coal mines
The global miner Anglo American is selling its Bylong underground coal deposit in New South Wales to a Korean energy provider for $403 million.[MORE]
Canegrowers 'surprised' about Sucrogen sale
Sugar lobby group Canegrowers says it is shocked CSRs sugar and energy business Sucrogen has been sold to the Singaporean company Wilmar International Limited.[MORE]
BP resumes oil skimming after hurricane
Efforts to clean up the US Gulf of Mexico oil spill have intensified after Hurricane Alex prompted a five-day shutdown.[MORE]
Centennial Coal surges on $2.5b bid
The Thai coal energy provider, Banpu, has launched a $2.5 billion bid for the New South Wales-based miner Centennial Coal.[MORE]
CSR sells sugar unit for $1.75b
Building materials and sugar conglomerate CSR has agreed to sell its sugar division, Sucrogen, to Singapore-based company Wilmar.[MORE]
Disney acquires Aussie game developer's company
The Walt Disney Company has bought Tapulous, the popular iPhone and iPad video game start-up company of an Australian entrepreneur.[MORE]
Franklins closure unlikely to hurt the giants
The sale of Franklins supermarkets to IGA is unlikely to seriously challenge the dominance of Coles and Woolworths.[MORE]
IGA expansion to shake Woolies and Coles
Supermarket network IGA will become a stronger competitor to Coles and Woolworths after acquiring all 85 Franklins stores in NSW.[MORE]
Local family buys jam factory
A popular tourist attraction at Young that has been in voluntary administration has been sold.[MORE]
Meatworks sale saves 88 jobs
An abattoir which went into receivership in February this year, leaving 300 workers without a job, has been sold.[MORE]
NAB tries to appease ACCC on AXA bid
National Australia Bank has confirmed it is looking to sell part of its takeover target AXA Asia Pacific to appease the competition regulator.[MORE]
ANZ, NAB considered merger: report
Analysts say there is no chance the Federal Government's support for the four pillars banking policy will dwindle any time soon.[MORE]
Murray Goulburn withdraws WCB takeover bid
Dairy processor Murray Goulburn has withdrawn its bid to take over Warrnambool Cheese and Butter (WCB).[MORE]
AXA grants NAB time extension
The National Australia Bank has been given more time to satisfy the competition regulator over its $13 billion bid to take over AXA Asia Pacific Holdings.[MORE]
Healthscope flooded with takeover offers
A private equity bidding war has broken out for Australian hospital operator Healthscope, with the company receiving two more takeover approaches, both valuing the target at $1.84 billion. [MORE]
Charities take over childcare centres
Hundreds of childcare centres formerly run by the failed ABC Learning group will be officially taken over by their new owner today.[MORE]
7-Eleven fuel takeover 'good for motorists'
7-Eleven is set to expand its presence in Australia's petrol market by buying 295 Mobil service stations.[MORE]
Industry spruiker may be Gunns casualty
There is speculation Gunns is about to withdraw its support for several timber lobby groups. [MORE]
