The boss of Optus has moved to reassure staff over speculation of a looming takeover, urging them to not let the chatter ‘distract’ them from the task of rebuilding the telco’s tarnished reputation.
Daniel Newell
Optus’ Singaporean owner Singtel has sought to hose down reports that it is in talks to flog the embattled telco business.
Simone Grogan
Landmark CBD office tower Eastpoint Plaza on Adelaide Terrace is set to become a bellwether sale, as the first major listing of the year.
Kim Macdonald
Mike Fraser’s starting months at the helm of multinational miner Gold Fields have been convoyed by record precious metal prices.
Spanish infrastructure giant Acciona has bought the Kwinana Waste to Energy project in a $365 million deal that ends a long-running dispute between the contractor and the plant’s former owners.
Matt Mckenzie
Ramelius Resources has seemingly taken a subtle dig at other media outlets, after confirming it is in exclusive talks with Toronto-listed Karora Resources about a merger.
Adrian Rauso
The ever acquisitive Ramelius Resources is back on the prowl, eyeing off its biggest catch yet.
Seven Group has stepped up its pursuit of the remaining shares of industrial business Boral, declaring its takeover offer unconditional and improving payment terms.
Monash IVF has completed its acquisition of Joondalup-based Fertility North in a move it says will expand its presence in a fast-growing Perth market.
Cheyanne Enciso
Bidding partners Hancock Prospecting and SQM have told Azure Minerals investors to get it while the going is good and accept a $1.7b offer, warning volatile lithium prices could plunge further.
Tony Sage’s deal to shift European Lithium’s main asset onto the Nasdaq has been sealed just weeks after Perth Glory’s receivers took control of a slice of his holdings in the company.
South32 is set to book $2.5 billion when it offloads its Illawarra metallurgical coal business in NSW to a joint venture with existing links to Australian coal interests.
The giant private equity group’s initial offer of $1.60 was rejected two weeks ago, with the latest bid coming amid a massive drop in interim profit and the scrapping of its dividend.
Sean Smith
Victorian family dynasty Barro and NYSE-listed CRH are set to become the new owners of Cockburn Cement after Adbri signed on to a $2.1 billion takeover deal.
Chris Ellison’s flagship would pay $63m of the bill and guarantee the rest while the tax claims are reviewed, the liquidators of the lithium mine’s former parent company say.
US giant Alcoa has made a $3.4 billion play to buy partner Alumina Limited after a nightmare two years shredded the target company’s value in half.
Matt Mckenzie & Daniel Newell
Australia’s two major supermarkets have rarely faced such intense focus. But the tough year has only just started. Here’s what they can expect this year.
Adrian Lowe
The Adelaide-based holidays parks group has bought Kununurra-based Triple J Tours and Kununurra Cruises, which work Lake Argyle, Lake Kununurra and the Ord River.
Monash IVF is set to complete its acquisition of Joondalup-based Fertility North next month as it looks to further grow its market share in WA.
The deal with Japanese energy group JERA includes a 10-year LNG sales agreement.
Newmont, the world’s top gold producer, will seek to sell six mines — including Telfer in the Pilbara — and two projects in a set of divestitures aimed at generating $US2 billion ($3b) in cash.
Jacob Lorinc
The competition watchdog will not oppose Monash IVF’s proposed acquisition of an 80 per cent stake in Perth’s Fertility North for $12 million.
IGO has promised to absorb the findings of the review but there’s no word on how the board will take accountability.
Viva Energy chief executive Scott Wyatt will now turn his focus to completing its $1.15 billion acquisition of OTR after the oil refinery owner revealed a slump in full-year earnings.
© West Australian Newspapers Limited 2024