Ambar Warrick
Stories by Ambar Warrick
Genting Malaysia buys stake in US-listed Empire Resorts for $129m
Following the acquisition, Genting (USA) now holds a 38.3% stake in Empire.
Virgin Australia raises issue size of domestic notes offering
It has raised the issue size to A$325 million ($223.99 million) from A$150 million.
Insurance Australia sells 26% stake in India SBI General for $432m
Premji Invest and a Warburg Pincus affiliate will buy 16.01% and 9.99% interests in SBI General, respectively.
Australia’s Orora to sell fibre arm to Japan’s Nippon Paper for $1.2b
The sale would be the third-largest Australian acquisition by a Japanese company this year, according to Refinitiv data.
Australia’s Vocus says EQT drops $2.3b buyout bid
Australian energy retailer AGL Energy recently revealed that it had made and then withdrawn a takeover offer for Vocus as it could not agree on due di
EQT Infrastructure makes $2.3b bid for Australia’s Vocus
The offer comes as Vocus undertakes a turnaround plan aimed at cutting its debt load by selling assets.
Australian car dealer AP Eagers offers to buy rival Automotive Holdings
The company expects the acquisition to deliver annual cost savings of about A$13.5 million.
Australian pharmacy operator Sigma board rejects API’s $514.5m takeover bid
API had offered to buy the drug distributor in December 2018, with the aim of consolidation in the face of increased competitive and regulatory pressu
Australia’s IPH offers to buy smaller rival Xenith for $124m
IPH said it was offering A$1.97 in cash and equity for each share in Xenith.
Australia’s Healthscope agrees to $3b takeover offer from Brookfield
Brookfield had made an off-market takeover offer of about A$2.40 per share for the company, representing a premium of about 1.7 percent to Healthscop
