UBS reckons the Australian Competition and Consumer Commission is unlikely to change its view that IAG’s $1.35 billion purchase of RAC Insurance is anti-competitive.
Sean Smith
Coles has abandoned talks to buy Petbarn owner Greencross, a potential deal that had concerned some analysts and hammered shares in the supermarket giant.
Cheyanne Enciso
Coles has ended discussions to buy the owner of the Petbarn chain, abandoning a potential deal that had concerned some analysts and weighed on the supermarket group’s share price.
Angus Whitley
Fleetwood is paying $22 million for Bechtel’s 2169-bed Red Dog village, adding to the 1500 beds it already has in Karratha’s Searipple village and the Osprey camp in Port Hedland.
One local contractor lost a big chunk of work after Genesis Minerals and Vault Minerals officially shook hands on their $12.6 billion fusion.
Adrian Rauso
A lawsuit threatens to derail Paramount CEO David Ellison's bid to transform his company into a major rival of Netflix and Disney.
Jody Godoy and Dawn Chmielewski
An eleventh-hour bid by Raleigh Finlayson’s Genesis Minerals to prize Vault Minerals away from rival Regis Resources has done the job.
Daniel Newell and Adrian Rauso
In a “remedy offer” lodged with the ACCC, IAG is now offering five-year undertakings to address concerns the purchase of WA’s market-leading motor and home and contents insurer would reduce competition.
The sleep health device manufacturer is selling its MatrixCare business to a US-based private equity firm for $707 million - 34 per cent less than what it paid eight years ago.
Rebecca Le May
The British retail behemoth run by billionaire Mike Ashley has asked Australia’s Takeovers Panel to intervene in its spurned, low-ball bid for the nation’s biggest footwear retailer Accent Group.
Henderson manufacturer Matrix is one court hearing away from leaving the ASX after shareholders overwhelmingly backed a $90m takeover.
Ryan Johnson
A ratings agency has given its frank, first-blush view of South32’s sale of its aluminium assets to Alcoa, saying the multi-billion dollar deal will weaken its business risk profile.
The King of the Hills gold mill near Leonora has proven too tempting for Raleigh Finlayson to ignore, with his Genesis Minerals lobbing a late bid to prize Vault Minerals away from rival Regis Resources.
Adrian Rauso and Rebecca Le May
East Perth-based Intelligent Monitoring Group says the deal will nearly triple earnings, but the former Threat Protect roll-up is taking on a major debt facility to get there.
The investment advice company has rejected an unsolicited $2.5 billion takeover bid from an offshore entity controlled by EQT AB, saying it does not adequately represent fair value for shareholders.
South32 has shed its ‘crap’ company label, outgoing chief executive Graham Kerr declared in the wake of a bumper deal to sell its aluminium assets to Alcoa.
Argonaut Capital boss Eddie Rigg said the Bank of Montreal deal would leave his firm as WA’s last locally-owned full service broker.
Ramelius Resources has inked a deal to sell a mothballed gold operation for $300 million, growing the mid-tier producer’s financial muscle to snap up a Northern Star Resources mine.
The nation’s biggest footwear retailer Accent Group has urged shareholders to reject a low-ball takeover bid by its biggest shareholder, British behemoth Frasers Group run by billionaire Mike Ashley.
Two ASX-listed mining companies that share billionaire prospector Mark Creasy as the controlling force are set to merge.
Hancock Prospecting has taken a $US50m stake in California-based Lumitron, which has developed technology able to deliver X-rays with to 1000 times the resolution of conventional machines.
It has long been a tourist’s first, and most uncomfortable, glimpse of Perth. But could the Great Eastern Highway be due for a change?
Kim Macdonald and Eliana Hullett
Set up in only 2018 after its founders worked on Chevron’s Wheatstone project in WA’s Pilbara, JPS provides maintenance and shutdown services for LNG clients including Shell, INPEX and Woodside.
“My clients are steaming, and so am I, because I’ve lost a pile of dough,” Shaw and Partners adviser Tony Mitchell tells Fleetwood management.
