Ambar Warrick
Stories by Ambar Warrick
Australia’s Sandfire approaches MOD Resources with $63m offer
The approach was made on the basis of A$0.38 per MOD share, which would represent a 73 percent premium to MOD’s last close of A$0.22.
Japan plans sovereign debt fund to finance US infrastructure
The move is seen as a bid to improve economic relations with Washington while putting excess capital to better use.
Australia’s Nine Entertainment to buy Fairfax Media in $1.6b deal
The deal will create a media behemoth spanning print, TV, radio and a streaming business.
Capio rejects $771m takeover bid from Australia’s Ramsay french unit
Capio rejected the bid saying the offer undervalued its business.
Australia’s Atlas Iron receives $290m offer from Hancock Prospecting unit
The offer potentially sets off a three-way struggle for the iron ore miner.
ANZ sells New Zealand life insurance arm to Cigna Corp for $482.4m
The transaction marks ANZ’ second disposal this month, after it sold a majority stake in a Cambodian joint venture to Japan’s J Trust.
Commonwealth Bank of Australia exits China insurer with $503m stake sale to Mitsui
The deal follows a similar trend among major Australian banks to trim their capital requirements, with peer Australia and New Zealand Banking Group ex
Australia’s Healthscope rejects Brookfield, BGH Capital takeover offers
Stating that both offers undervalue the company, Healthscope now plans to conduct a strategic review of its hospital property portfolio. It said it wo
Australia’s Mineral Resources to sell 49% stake in lithium project
Macquarie Capital (Australia) and law firm Gilbert and Tobin have been appointed to assist with the sale.
Rio Tinto to sell 75% Queensland coal asset stake to Whitehaven for $200m
Rio is also in the process of selling its remaining Australian coal asset - a stake in the Kestrel underground mine.
