Today
- Opinion
- Chanticleer
Anglo American shapes up for $64b fight with BHP
Anglo American has pulled out a takeover defence with the works. Now, it has to convince shareholders not to side with BHP.
- 32 mins ago
- Anthony Macdonald
Karoon Energy finds sell-side backers ahead of pivotal AGM
Barrenjoey energy and utilities analyst Dale Koenders has voiced support for continued growth via M&A in a note seen by Street Talk.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anglo American puts plan B into action after rejecting BHP’s bid
Anglo American boss Duncan Wanblad is understood to be warming up to present a strategy update to the mining group’s shareholders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Eyes on Transgrid as super funds bail out of $8b infra fund UTA
Sources say Aware Super has hired Campbell Lutyens, a specialist in moving illiquid investments for institutional investors, to shop a $600 million stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
BHP turns Anglo pursuit into $64b chess game
BHP has bid against itself and disclosed it, in an effort to put pressure on the London-listed miner. The next move is Anglo’s, and only hours away.
- Updated
- Anthony Macdonald
France’s Engie powers up for partner search at Victorian solar farm
Engie has shortlisted a blue-chip lender lineup, including ANZ Group, BNP Paribas and Deutsche Bank, to stump up Goorambat’s debt financing.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Anglo American rejects second, higher BHP takeover offer
BHP chief executive Mike Henry said he was disappointed that directors of the London-listed miner had not been willing to enter into further discussions.
- Peter Ker
KKR’s MYOB refinancing drags while bolt-on payday looms
The private equity giant is still to pin down a price and structure to its liking, leading to questions on whether it would press ahead or park the big-ticket refinancing.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cleaning up! Private equity shoot-out tipped for Colinton’s Dimeo
While there’s no certainty a deal will be signed, it’s a credible turn-out for Colinton Capital Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Plan B in the works as ARN-Anchorage bid collapses
Here’s what Street Talk reckons could unfold in coming weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Partners Group to restart Guardian sale after childcare review
The Swiss private equity firm expects deals to ramp up in the second half, and primed its early learning business to be the first off the block.
- Aaron Weinman
East coast’s No.1 equipment hire biz Orange Hire set to change hands
Orange Hire’s EBITDA shot up from about $18 million at the time of Arcadia’s arrival in late 2020 to $30 million-plus.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Queensland Airports Limited auction revs up for take-off ... yet again
The auction’s start date has already slipped a couple of times, from the new year, to post-Easter, and now to late May. Of note, a firm timetable is yet to be set.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Karoon CEO schmoozes investors, but activists aren’t backing down
Activist investor Sandon Capital has accused the top executive of employing “stalling tactics” ahead of the oil and gas producer’s annual general meeting.
- Sarah Thompson, Kanika Sood and Emma Rapaport
From Sali to Bastas – billionaires’ adviser Adam Gregory jumps ship
Gregory’s remit will be to assist with capital planning and hunting down acquisition opportunities at DBG, which also includes other businesses like VidaCorp.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Uncorked: Accolade Wines locked in negotiations with Pernod Ricard
In short, if Pernod moves into the ‘trop difficile’ basket, Australian Vintage is waiting in the wings.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Construction
Gurner-Roberts merger plan sinks
A lack of “chemistry” between the two Rich List business leaders also hindered a merger of their development and construction businesses.
- Michael Bleby and Larry Schlesinger
PE firm behind Bonza, Melbourne Victory calls in insolvency experts
The private equity firm called in advisers overnight to assist with “operational challenges”. It is a major shareholder in the A-League club and budget airline.
- Ayesha de Kretser
Anglo’s South African investors open to improved BHP bid
The shareholder stance defies South African government hostility to the plan that would break up the national champion.
- Harry Dempsey and Rob Rose
Bonza in talks with six buyers despite owing $100m and losing planes
Creditors of the collapsed budget airline were told that it owed more than $100 million to backers, customers and staff after going under late last month.
- Ayesha de Kretser
