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Mergers and Acquisitions

Brisbane buyoutCommentsPremiumAFG strikes $70m deal for Queensland’s Fintelligence

The WA group is paying $52.5m for a 75 per cent stake in the asset finance aggregator and has an option to buy the balance.

Sean Smith

Deal frenzyCommentsPremiumHigher foreign hurdles give Aussie bidders M&A edge

Increased scrutiny from the Foreign Investment Review Board has seen a resurgence of Australian bidders in the mergers and acquisitions market, according to the country’s leading independent law firm.

Danielle Le Messurier

Kicking goalsPremiumMeg O'Neill’s interim stint lifted her into pole position

The American was given free rein during her four months as Woodside’s interim chief executive and quickly won over the board to her leadership credentials.

Sean Smith

$8.4b offerCommentsPremiumBlackstone, Packer’s CPH hold takeover talks

The US takeover giant pushing to gain control of Crown Resorts is believed to have started direct talks with the embattled casinos and hotels operator’s biggest shareholder.

Daniel Newell

Gas go-aheadPremiumWoodside’s Scarborough sell-down ‘well under way’

Woodside has dismissed concerns about its big stake in the huge $16.5 billion Scarborough gas development.

Sean Smith

opinion
opinion
Mega projectCommentsPremium
opinion
Real work about to begin for Woodside

Woodside Petroleum has got its huge Scarborough gas project across the line, but there are still many hurdles ahead to get the development into construction while facing environmental pressure.

Sean Smith

Big opportunityCommentsPremiumMeg ‘over the moon’ with Scarborough go-ahead, BHP merger

Woodside Petroleum and BHP have announced the development go-ahead for a $16.5 billion Scarborough gas project off north-west WA, which will create thousands of jobs according to Woodside chief Meg O’Neill.

Sean Smith

Sweetened offerCommentsPremiumPacker stake crucial to Blackstone’s third bid for Crown

The global fund manager has returned to the table and upped the ante in its bid to win over Crown Resort with an offer that values the embattled company at more than $8.4 billion.

Sean Smith and Daniel Newell

National recordCommentsPremiumPerth firms snapped up as Aussie mergers soar

Australia’s white-hot mergers and acquisitions trend has spread to Perth’s consultancy scene, with three local firms snapped up in a matter of months.

Adrian Lowe

Luxury acquisitionCommentsPremiumTWE to buy Frank Family Vineyards in Napa Valley for $US315m

Winemaking giant Treasury Wine Estates is furthering its ambition to become the premium wine market leader in the US with a deal to buy Frank Family Vineyards in California for $US315 million ($434m). 

Danielle Le Messurier

Aussie ownedGlencore offloads copper-gold mine onto Evolution for $1b

Commodities giant Glencore will sell its Ernest Henry copper and gold mine at Mount Isa to Evolution Mining for $1 billion

Fraser Barton

Strategic milestoneCommentsPremiumImdex buys into industry player in $5.5m deal

Perth-based mining technology company Imdex will buy a 30 per cent stake in analysis company Datarock in a $5.5m deal that it expects will enhance efficiency in the industry.

Adrian Lowe

Expansion plansCommentsPremiumWoodside’s $5b deal for 49pc sale of Pluto Train 2

Woodside Petroleum has agreed a landmark deal to sell a stake in a second gas processing train at its Pluto LNG facility in WA’s North West.

Sean Smith and Daniel Newell

‘We’re out’CommentsPremiumRamelius tightens grip on Apollo as Gold Road folds

Ramelius Resources has tightened its grip on takeover target Apollo Consolidated after erstwhile rival bidder Gold Road Resources folded its shares into the mid-tier miner’s offer.

Stuart McKinnon

APM IPOPremiumAPM founder Megan Wynne taking on the world after float

Having founded the rehabilitation and employment and disability services group in 1994, the physiotherapist is still motivated to take APM’s services to where people need them.

Sean Smith

‘Golden Triangle’CommentsPremiumNewcrest grows footprint in Canada with $3.8b buy

Newcrest Mining has added another top-shelf gold asset to its global portfolio after securing a cash and scrip deal to acquire Canada’s Pretium Resources.

Daniel Newell

Gas pressuresPremiumScarborough pressures mount after Woodside gas cutbacks

Analysts say Woodside’s reduced gas reserves reinforce the need for its $16b Scarborough development

Sean Smith

Final offerCommentsPremiumGold Road won’t lift offer for Apollo Consolidated

Gold Road Resources says it won’t lift its 56c-a-share offer for Apollo Consolidated despite the target’s board recommending in favour of a rival bid from Ramelius Resources.

Stuart McKinnon

Health winCommentsPremiumWesfarmers finally gets hands on pharmacies prize

Wesfarmers has won the war that will mark its first entry into Australia’s lucrative healthcare market and give it a ready-made national network of pharmacies and wellbeing and beauty brands.

Daniel Newell

Fossil exitCommentsPremiumBHP to sell Qld coal assets to Stanmore in $1.6b deal

BHP Group will sell its 80 per cent stake in the BMC metallurgical coal venture to Stanmore Coal for $1.6 billion in a deal which continues the global miner’s withdrawal from fossil fuels.

James Thornhill

Take offPremiumSydney Airport sells for $23.6b just as air travel opens

Sydney Airport has agreed to sell to a consortium of funds for $23.6 billion, just as Australia reopens its borders to international travel.

Harry Brumpton and Angus Whitley

Rush to marketPremiumWarning as mergers and acquisitions activity ramps up

A noticeable increase in M&A activity in recent months was leading to a sense of urgency, which could leave some vulnerable to missing important details.

Adrian Lowe

Umpire’s callCommentsPremiumWestgold chair Cook philosophical on failed Gascoyne tilt

Westgold Resources non-executive chairman Peter Cook remains focused on growing the company but says the gold miner is happy to play the long game after abandoning its bid for Gascoyne Resources.

Stuart McKinnon

Growth mindsetCommentsPremiumHow Afterpay will boost its new parent company

Square boss Jack Dorsey says he bought the Australian buy-now pay-later service Afterpay because of its key to success: the ability to connect retailers and customers.

Adrian Lowe