Game on, Envestra tells suitor APA
Gas company Envestra has slammed the door on suitor APA Group in its first takeover bid. But suitors seldom put their best offer forward in the first round, allowing them some wriggle room.
AACo plans capital raising to reduce debt
Updated | Australian Agricultural Company has confirmed it is considering an equity raising to rebuild its stretched balance sheet as it denied reports that a break up of the company’s assets was on the table.
Lloyds looks to ramp up dividend: report
Lloyds Banking Group chief executive António Horta-Osório aims to pay out as much as 70 per cent of earnings in dividends within three years as he tries to lure investors ahead of the sale of the government’s stake, a news report said.
iiNet lands Adam Internet for $60m
iiNet chief executive Michael Malone believes he has snared the last independent asset on the telecommunications market, saying the sector was now all but locked in for the national broadband network.
Cargill snaps up Joe White Maltings
Swiss trader Glencore has sold Australia’s largest maltster, Joe White Maltings, to America’s biggest private business, Cargill, for $US373 million.
ING in talks with MBK for Korea unit sale: report
ING Group has entered exclusive talks with Seoul-based private-equity fund MBK Partners for the sale of ING’s Korean life-insurance operations, a news report said.
China moves to sustainable growth: Blankfein
Goldman Sachs CEO Lloyd Blankfein, the world’s most influential investment banker, is upbeat about the Australian economy and says China’s slowing growth means more sustainability.
M&A
| Pos | Name | Value ($m) | No | % share |
| 1 | Lazard | 13,821 | 8 | 26.4 |
| 2 | Macquarie Group | 12,454 | 18 | 23.8 |
| 3 | Goldman Sachs | 10,905 | 15 | 20.8 |
ECM
| Pos | Name | Value ($m) | No | % share |
| 1 | UBS | 3,489 | 14 | 37.2 |
| 2 | Macquarie Group | 1,206 | 14 | 12.9 |
| 3 | Bank of America Merrill Lynch | 687 | 6 | 7.3 |
DCM
| Pos | Name | Value ($m) | No | % share |
| 1 | Westpac | 14,514 | 51 | 16.7 |
| 2 | ANZ | 12,354 | 74 | 14.3 |
| 3 | Commonwealth Bank of Australia | 10,237 | 30 | 11.8 |
Syndicated Loans
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 6,055 | 62 | 14.1 |
| 2 | National Australia Bank | 5,589 | 48 | 13.0 |
| 3 | Commonwealth Bank of Australia | 5,459 | 45 | 12.7 |
Latest ASX takeover announcements
Icahn sues Dell in new bid to foil buyout
Activist investor Carl Icahn sued Dell and its board, his latest attempt to derail a $US24.4 billion buyout bid by founder and CEO Michael Dell.
Banks circle remaining Lloyds assets
Exclusive | National Australia Bank, Westpac and Macquarie Bank are circling the residual Australian operations of UK bank Lloyds in a deal that could see the lender exit these shores by the end of the year.
New RBS chief must encourage investment
Now that Ross McEwan has satisfied the government by waiving his annual bonus, he must attend to the interests of those who own the other 18 per cent of the bank.
Latest ASX capital announcements
| AZQ | 05/08/13 | Appendix 3B |
| SGT | 05/08/13 | Appendix 3B |
| FAS | 05/08/13 | Appendix 3B |
| CLZ | 05/08/13 | Notice Under Section 708A and Appendix 3B |
| KAB | 05/08/13 |
AMENDMENT TO SHORTFALL OFFER TO EXPIRED OPTIONHOLDERS
|
| IOG | 05/08/13 | Appendix 3B |
| PRG | 05/08/13 | Appendix 3B |
| ORN | 05/08/13 |
Deal with Mark Creasy to acquire Fraser Range landholding
|
| OEQ | 05/08/13 |
Appendix 3C - Announcement of Buy-Back
|
| PNW | 05/08/13 | Daily share buy-back notice - Appendix 3E |
Jury rules against Goldman’s ‘Fabulous Fab’
Updated | Former Goldman Sachs Group vice president Fabrice Tourre, nicknamed ‘Fabulous Fab’, was found liable for federal securities law violations for his role in a failed mortgage deal that cost investors $US1 billion.
Steadfast IPO years in the making
Just before midday on Friday a swarm of Steadfast executives, bankers and lawyers converged on the Australian Stock Exchange building in Sydney for what is commonly referred to as a listing ceremony.
Altamont scores a barrel with Billabong – for now
This week’s events surrounding Billabong International resemble a choppy surfing contest. An Altamont Capital Partners-led group navigated its wave to shore and put the finishing touches on a bid for the surfwear company.
