Ingenia Communities has rejected a US private equity giant’s sweetened $2 billion takeover offer, saying the revised terms still ‘substantially undervalues’ the group.
Cheyanne Enciso
The Japanese gas giant is buying the stake from 39.33 per cent holder BP, which is now run by Browse partner Woodside Energy’s former chief executive Meg O’Neill.
Sean Smith
Macmahon has done a deal to buy a Perth consultancy for up to $90m as it looks to cash in on a booming WA resource sector.
Daniel Newell
Macquarie-backed xAmplify has bought Perth software specialist Accelerate IT Solutions in its third acquisition in little more than a year, after an earlier WA merger fell through.
Ryan Johnson
Lonergan Edwards & Associates said the $145m offer by BoM exceeded its valuation of between $127m and $143m for the capital markets arm.
Ambition to break China’s stranglehold on rare earths and critical minerals gets shot in the arm after court clears way for takeover central to audacious mining project in Greenland.
Ben Harvey
One of WA’s oldest advertising agencies, Marketforce, has been split up by its multinational parent Omnicom.
Perth wealth boss Justin Gilmour says regulation and rising costs are forcing smaller advice firms to find scale as Integro adds Coastline to its growing WA stable.
John Rothwell admits he has reached the emotionally painful view that the sale of Austal USA and its Mobile, Alabama shipyard now “makes perfect sense”.
Austal suitor Wildcat Infrastructure has confirmed it has made an offer for the Australian-based shipbuilder’s American arm for up to $1.87b in an effort to return ‘maritime capability and supremacy’ to the US.
Adrian Lowe
A group led by US investment firm L Catterton has acquired a majority stake in fitness competition brand Hyrox.
Bloomberg
Little-known Wildcat Infrastructure has bettered South Korean conglomerate Hanwha’s offer of between $US1.05b to $US1.2b.
The Australian shipbuilder has confirmed a little-known Florida firm has entered the fray for Austal’s prized US operations.
Andrew Greene
Ingenia has knocked back a near-$2b cash approach from Warburg Pincus that came with one striking condition: walk away from Perth property developer Peet.
The Federal Government faces a fresh diplomatic balancing act as the world’s largest steelmaker looks to grow its slice of WA’s iron ore pie.
Adrian Rauso and Daniel Newell
An American investment firm will launch a last-minute bid to buy Australian-owned defence giant Austal USA in an audacious attempt to keep the global shipbuilding business from falling into South Korean hands.
WA’s days of necking Emu Export cans on Matilda Bay foreshore appear to be fading in the sunset. Plus: Why four big holes in the ground near Collie are about to burn a giant hole in your pocket.
Premier says a merger between two major coal mines in Collie ‘has to happen’ as he warns of an “eye-watering” sum for rehabilitation of the site.
Oliver Lane
Austal boss Paddy Gregg says “there’s great momentum” behind South Korean company Hanwha’s bid to buy the shipbuilder’s American operations.
Matt Mckenzie & Daniel Newell
Perth-based property developer Peet will be brought out in a near $1 billion deal by Ingenia Communities, which says the acquisition will allow it to capitalise on Australia’s housing supply crisis.
Santa Claus is tipped to pop down the chimney of Peet’s shareholders overnight and The Bull can calculate exactly who might be most excited to open their sack. Plus: Woodside gets in on Freo fever.
Ingenia Communities has posted a stronger-than-expected annual result but kept investors guessing over its reported $900 million-plus pursuit of Perth property stalwart Peet, which had its own record year.
Ryan Johnson and Daniel Newell
The 140-year-old Brownes business has been put on the market by its new Chinese parent company as a wave of deals in the sector suggest there will be strong interest.
Rebecca Le May
British retail giant Frasers Group has attacked the financial projections of its Australian hostile takeover target as too optimistic as the footwear trader booked a full-year net loss.
