Even for BHP — a $206 billion company — large, greenfield projects are scarce, and becoming more so. Deals, not discoveries, are grabbing the headlines.
Paul-Alain Hunt
P&N recorded above-industry average 10 per cent growth in both lending and deposits in the year to post a 24 per cent increase in net profit to a record $24.2 million.
Sean Smith
Despite regulatory hurdles in its flagship US market, VGW pulled in a 30 per cent higher annual profit of $492 million on record revenue of $6.1 billion.
US private equity group Madison Dearborn will buy the WA-founded group for just $1.45 a share, less than half of APM’s $3.55-a-share issue price in late-2021.
Genesis Capital is having a fresh crack at takeover target Pacific Smiles just over a month after the east coast dental chain scuttled a higher offer from rival bidder National Dental Care.
Cheyanne Enciso
The WA former credit society is believed to have been unnerved by recent media reports questioning Jake Bromwich’s tenure at Westpac.
The Australian-born chief executive of $90 billion global mining giant Newmont is riding high on the back of transcendent gold prices, but isn’t letting the latest rush go to his head.
Simone Grogan
Perth-based Vysarn will tap into what it calls a ‘once-in-a-generation water infrastructure boom’ on Australia’s east coast with the purchase of a Victorian consulting business.
Daniel Newell
REA Group’s bid to list in London and become a global heavy hitter has hit its first hurdle, with takeover target Rightmove rejecting the real estate giant’s $11 billion cash and scrip offer.
Greatland Gold has inked a $US475 million ($714m) cash-and-scrip deal to buy Newmont’s ageing Telfer gold mine and sweep up the remaining interest it doesn’t already own in the Havieron discovery.
Andrew Forrest-back Greatland Gold has confirmed it is in advanced talks to buy Newmont’s ageing Telfer gold mine in the Pilbara, and pick up a key stake in the much-hyped Havieron gold and copper prospect.
The boss of Pacific Smiles has handed in his resignation following a tumultuous few months for the east coast dental services chain as a takeover target.
Willy Packer is not going down without a fight in his bid to stop Rio Tinto swooping on Energy Resources of Australia, alleging the miner is “taking advantage” in his escalation to the takeovers umpire.
Blackstone has agreed to acquire AirTrunk in a deal valuing the Australian data centre operator at $24 billion, including debt and capital expenditure for committed projects.
Gillian Tan, Vinicy Chan and Manuel Baigorri
Property group Colliers will beef up its engineering division after purchasing WA-headquartered Pritchard Francis for an undisclosed sum.
Rightmove, the UK’s biggest property portal by market share, has attracted takeover interest from Australian real estate listing provider REA Group, spurring a rally in the London-listed stock.
Angus Whitley, Harry Brumpton & Damian Shepherd
Real estate giant REA Group is eyeing to become a global player with a potential $8.5 billion takeover of the UK’s largest online property portal, Rightmove.
Cottesloe fund manager Willy Packer will seek to delay mining giant Rio Tinto’s bid to swallow up Energy Resources of Australia by referring the mining giant to the Takeovers Panel.
The employment and disability services provider’s likely last financial results as a listed company were weighed down by $269m of writedowns that swamped lower underlying earnings.
Willy Packer accuses Rio Tinto of crucifying shareholders as the mining giant ploughs $750 million into his thwarted uranium bet Energy Resources of Australia and forces a buyout of the company.
BGC’s construction division is set to tackle the affordable housing crisis after the business was sold to one of Len Buckeridge’s heirs, Julian Ambrose.
Matt Mckenzie & Simone Grogan
WA building company BGC has had a breakthrough in its ongoing sale process, offloading its building arm to company director Julian Ambrose for an undisclosed sum.
The Subiaco-based contractor will raise $66 million and draw down debt to buy a Sydney-based utilities infrastructure builder with 750 staff, as profits continue to climb.
Battery minerals explorer Charger Metals was approached with a $6.5 million scrip proposal from Core Lithium, which closed its Finniss mine earlier this year.
