Tag: Takeovers
Foster's snubs private equity wine offer
Beverage giant Foster's Group says it has rejected an offer from an international private equity firm, seeking to acquire the wine assets of Treasury Wine Estates.[MORE]
Telstra announces SouFun float
Telstra's Chinese online real estate subsidiary SouFun has filed for an initial public offering (IPO) with the United States Securities and Exchange Commission.[MORE]
Lihir posts last profit before takeover
Lihir Gold has made a first-half profit of $98 million, turning around its fortunes from a loss of about 340 million a year ago.[MORE]
Intoll recommends upped Canadian bid
Toll road operator Intoll Group is recommending shareholders accept an improved takeover bid from Canada's second-biggest pension fund manager.[MORE]
BHP posts $14.4 billion profit
BHP Billiton has posted a $14.4 billion profit for the financial year, more than doubling last year's result.[MORE]
Insider trading charges spring from BHP-Potash bid
Two men have been charged with insider trading after allegedly making $1.2 million illegally through BHP Billiton's $43 billion takeover bid for Canada's Potash Corp.[MORE]
Xstrata increases its Sphere of influence
The Swiss miner Xstrata is buying the Australian-listed iron ore exploration company Sphere for about $428 million.[MORE]
Foster's loses money on wine
Foster's has recorded a $464 million loss due to write-downs in its wine business, but its underlying earnings have beaten previous forecasts.[MORE]
Canada's Agrium a step closer to AWB deal
The Canadian agribusiness Agrium is a step closer in its bid to take over Australian wheat exporter AWB.[MORE]
Potash prepares its BHP defences
Canada's Potash Corp has begun soliciting alternate bids in light of BHP Billiton's $US38.6 billion hostile offer to buy the world's largest fertiliser producer, a source close to the matter said on Thursday. [MORE]
Intel to buy McAfee for $8.5b
Intel Corporation will acquire internet security firm McAfee Inc for $US7.68 billion ($8.5 billion), the computer chip giant said.[MORE]
ACCC boss exits NAB-AXA call on conflict
The ACCC chairman Graeme Samuel has recused himself from deliberations over NAB's proposed takeover of AXA Asia Pacific due to potential conflicts of interest.[MORE]
BHP ratings under threat in Potash bid
Ratings agency Moody's says BHP Billiton's credit rating would be placed on review if it proceeds with a hostile bid for Canada's Potash Corporation.[MORE]
Sigma agrees to $900m deal with Aspen
South Africa's Aspen Pharmacare, in a re-crafted deal, has agreed to buy the drug making arm of Australia's Sigma Pharmaceuticals for $900 million cash.[MORE]
AWB receives $1.2b rival takeover offer
Grain exporter AWB says it has received a $1.2 billion takeover offer from the Canadian fertiliser maker Agrium.[MORE]
Not SouFun: Telstra shares touch record low
Telstra's shares have touched record lows of $2.82 in morning trade, despite its plans to sell its 51 per cent stake in the Chinese internet business, SouFun.[MORE]
ACCC to consider NAB's revised AXA bid
The ACCC has commenced market consultation on undertakings from NAB intended to address concerns about its proposed takeover of AXA Asia Pacific.[MORE]
Geely completes Volvo takeover
Chinese car maker Geely Holdings says it has formally completed a deal to buy Sweden's Volvo Cars from US auto giant Ford.[MORE]
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]
