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MERGERS & ACQUISITIONS

Follow


TODAY

 * Street Talk


SALTER BROTHERS PUTS PROSPA SHAREHOLDERS OUT OF THEIR MISERY WITH BID

Prospa shareholders have been offered two options: cash out at 45¢ a share or
roll-over into the unlisted holding company.

 * 1 hr ago
 * Sarah Thompson, Kanika Sood and Emma Rapaport

 * Adelaide Brighton


IRISH GIANT CRH’S $2.1B BID WINS OVER ADBRI

The independent directors of cement maker Adbri have agreed to the
$3.20-per-share offer from NY-listed Irish group CRH.

 * Feb 27, 2024
 * Simon Evans

 * Opinion
 * Chanticleer


$4.6B DEAL IS A SIMPLE LESSON IN THE BENEFITS OF GOOD RELATIONSHIPS

Saint-Gobain’s first approach arrived on CSR boss Julie Coates’ first day back
after a summer break. Six weeks later, it’s a done deal.

 * Feb 27, 2024
 * Anthony Macdonald

 * Exclusive
 * Start-ups


BRISBANE TECH STAR OCTOPUS DEPLOY MAKES FIRST MAJOR BUYOUT IN US

The company has acquired Californian software company Codefresh for $42.6
million.

 * Feb 27, 2024
 * Paul Smith

 * Street Talk


QANTM INTELLECTUAL PROPERTY SNARES BID; MA MOELIS ON SCENE

Quadrant Private Equity’s deal makers and their cross-town rivals at Adamantem
Capital submitted bids for QANTM, but have been bested by offshore trade.

 * Feb 27, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport


Advertisement


YESTERDAY

 * Street Talk


OLIVE DOWNS’ PE OWNERS TEST WATERS FOR CONTINUATION FUND

Sources said the talks are the first step towards selling the investors’ slice
of Olive Downs into a new fund.

 * Feb 26, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport

 * Street Talk


GOODMAN LURES PRIVATE CAPITAL GIANTS FOR NEW ZEALAND FUNDS PLATFORM

But with a target to grow funds under management to around $NZ2 billion within
the first five years, there will be plenty of room for investors

 * Feb 26, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport

 * CSR Limited


FRENCH GROUP SAINT-GOBAIN WINS OVER CSR BOARD IN $4.3B TAKEOVER

The CSR board is backing the $9 per share offer from the French group, which
said it would explore options for CSR’s 25 per cent stake in the Tomago
aluminium smelter.

 * Feb 26, 2024
 * Simon Evans

 * Aussie Broadband


SUPERLOOP REJECTS AUSSIE BROADBAND’S $466M TAKEOVER BID

Superloop investors have backed the broadband internet group’s decision to turn
down a $466 million approach from rival upstart telco Aussie Broadband.

 * Updated Feb 26, 2024
 * Jenny Wiggins

 * Street Talk


COMMONWEALTH BANK LINES UP $650M DEBT FOR COSTA GROUP TAKE-PRIVATE

The debt facility is expected to print on Monday evening, just as the scheme is
implemented.

 * Feb 26, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport

 * Street Talk


RICH LISTER CHRISTIAN BECK GETS BROOM OUT AT LEAP LEGAL

ATI also reported a blowout in losses – from $120 million for continuing
operations to more than $258.3 million.

 * Feb 26, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport

 * Opinion
 * Chanticleer


BILLIONAIRE GREG GOODMAN NOT SCARED TO GIVE THE MARKET WHAT IT WANTS

On M&A Monday, the deal that caught our eye was Goodman’s decision to set a
listed fund free and try to make money as a shareholder.

 * Feb 26, 2024
 * Anthony Macdonald

 * Bauxite


ALCOA IN $3.3B BID FOR AUSTRALIAN PARTNER ALUMINA

The deal would bring a global portfolio of bauxite mines, alumina refineries and
aluminium smelters under one roof.

 * Updated Feb 26, 2024
 * Peter Ker

 * Big four


WESTPAC TO SELL RAMS HOME LOANS, 16 YEARS AFTER SAVING IT FROM GFC

Morgan Stanley has been appointed to sell what was once an iconic mortgage
brand, but is now a small network of around 40 Westpac franchisees.

 * Feb 26, 2024
 * James Eyers

 * Australian Vintage Ltd


MCGUIGAN OWNER AUSTRALIAN VINTAGE CONSIDERS MERGER WITH ACCOLADE

The ASX-listed group told investors it was in “exploratory discussions” with the
Bain-controlled owner of the Hardys, Banrock Station and Petaluma brands.

 * Feb 26, 2024
 * Simon Evans


Advertisement
 * Opinion
 * Chanticleer


WHY THIS MEGA DEAL IS 20 YEARS TOO LATE

Alcoa has been tipped to take out joint venture partner Alumina for two decades.
Here’s why the $3 billion deal has finally happened. 

 * Feb 26, 2024
 * James Thomson

 * Street Talk


IRESS SELLS ONEVUE PLATFORM BUSINESS; FLAGSTAFF, MA MOELIS ON TICKET

MA Moelis and law firm Arnold Bloch Leibler have helped listed platform business
Praemium clinch a deal to acquire Iress’ OneVue.

 * Feb 26, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport

 * Street Talk


GLOBAL BIGWIGS FLY IN FOR BGH CAPITAL’S ANNUAL LOVE-IN

It won’t be surprising if BGH Capital fields a question or two on what’s
happening with exits, especially in its $2.8 billion Fund I raised in 2018.

 * Feb 26, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport


THIS MONTH

 * Street Talk


MEGAPORT ON M&A WATCHLISTS AS SLATTERY HEADS FOR EXIT

Nothing lights up Street Talk’s radar like a company getting its defence
strategy in order. 

 * Feb 25, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport

 * Street Talk


C’EST BIZARRE: CSR SHARE TRADING POST FRENCH APPROACH RAISES EYEBROWS

CSR’s trading halt came through after the market had closed for the day,
rendering it largely useless.

 * Updated Feb 25, 2024
 * Sarah Thompson, Kanika Sood and Emma Rapaport

Show More


LATEST STORIES

 * Live
 * Need to Know


‘IT HAS BEEN MY GREAT PRIVILEGE’: MORRISON GIVES FINAL SPEECH

WATCH LIVE: Scott Morrison’s valedictory speech; Andrew Forrest says men prefer
the resources industry’s fly-in, fly out roles, while women are “the centre of
families”. Follow updates here.

 * 1 min ago

 * Live
 * Markets Live


ASX RETREATS, COLES JUMPS, ALUMINA TUMBLES

Shares fall; Appen trims losses; Tyro lifts profit fivefold; Chorus reaffirms
guidance; Coles sales up; Woodside profit 37pc down. Follow updates here.

 * 4 mins ago

 * The Brief


COLES SLAMS PRICE GOUGING CLAIMS | PWC’S GENDER PAY GAP REVEALED | HALEY LOSES
BILLIONAIRE DONORS

Read everything that’s happened in the news so far today.

 * 14 mins ago

 * Construction


SYDNEY’S OFFICE-TO-HOUSING CONVERSIONS THAT CAN’T GET STARTED

A group of central Sydney office towers have received approvals to be replaced
by apartment buildings, but failed to start. The result is less homes available
as the housing crisis worsens.

 * 28 mins ago


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THE AUSTRALIAN FINANCIAL REVIEW MAGAZINE


AUSTRALIA’S FAVOURITE SPORTS TEAM IS NO LONGER MALE. WILL THE DOLLARS FOLLOW?

 * Zoe Samios


 * THIS BOOZE-FREE SPRITZ IS ONE OF MAX ALLEN’S TOP SUMMER DRINKS


 * WHICH AIRLINES HAVE THE LONGEST BEDS, WIDEST SEATS AND BEST RECLINE?


BOSS FINANCIAL REVIEW


THIS CEO CHOSE A JOB BECAUSE IT SOUNDED FUN. NOW HE RUNS A $12B COMPANY

 * Sally Patten


 * HOW TO AVOID A CAR CRASH INTERVIEW


 * MEET THE CEO WHO DOESN’T DO FRIDAY DRINKS


LIFE & LEISURE


FROM A HOT-DESK AT DELOITTE, THE FUTURE LOOKS BRIGHT

 * Stephen Todd


 * THESE ‘CONES’ OF LIGHT ARE THE LATEST IN DESIRABLE DESIGN


 * ‘PLYSCRAPERS’ TAKE TALL BUILDINGS TO NEW HEIGHTS


RICH LIST


WEALTHY FAMILIES ARE TRYING SOMETHING NEW – DITCHING THE SECRECY

 * Primrose Riordan


 * THE COUNTRY’S MOST SECRETIVE BILLIONAIRES ARE ABOUT TO GET MUCH RICHER


 * $80B DATA CENTRE OPPORTUNITY LIFTS GOODMAN TO NEW HIGH

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