Trust Co advisers eye plump fees
The long-running takeover of The Trust Company is now at the business end, as the target’s defence costs top $1.5 million, and as shareholders await scheme documents on the $247 million agreed deal with Perpetual.
Financial Review CFO Awards 2013 Finalists
Congratulations to the finalists in the Financial Review CFO Awards.
JPMorgan names new chief information officer
JPMorgan Chase has appointed Dana Deasy as chief information officer, responsible for the firm’s technology systems and infrastructure across its global business.
McAleese delays float after grounding tankers
Mark Rowsthorn’s McAleese Group has postponed its initial public offer, telling investors it needed time to assess the financial impact of a decision to temporarily grounds its fuel tankers for safety inspections.
Men’s Wearhouse rejects $US2.3bn takeover bid
Men’s Wearhouse rejected an unsolicited $US2.3 billion ($2.43 billion) takeover bid by Jos. A. Bank Clothiers on Wednesday, calling the proposed deal “highly opportunistic” and likely to draw antitrust scrutiny.
ACCC would look at Westpac-Lloyds deal: Sims
The Australian Competition and Consumer Commission has said it would examine Westpac’s acquisition of Australian assets of Lloyds Banking Group if the financial services firms reach an agreement for a sale.
QE pressures RBA
The RBA will be feeling the heat from the Federal Reserve’s decision not to taper QE as the Australian dollar rises. More AFR TV
M&A
| Pos | Name | Value ($m) | No | % share |
| 1 | Goldman Sachs | 20,571 | 24 | 28.0 |
| 2 | Macquarie Group | 18,156 | 22 | 24.7 |
| 3 | Lazard | 13,901 | 9 | 18.9 |
ECM
| Pos | Name | Value ($m) | No | % share |
| 1 | UBS | 4,629 | 24 | 35.6 |
| 2 | Macquarie Group | 2,069 | 23 | 15.9 |
| 3 | Goldman Sachs | 782 | 8 | 6.0 |
DCM
| Pos | Name | Value ($m) | No | % share |
| 1 | Westpac | 19,506 | 69 | 16.8 |
| 2 | ANZ | 17,183 | 97 | 14.8 |
| 3 | Commonwealth Bank of Australia | 13,972 | 52 | 12.0 |
Syndicated Loans
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 9,222 | 88 | 13.1 |
| 2 | National Australia Bank | 7,906 | 69 | 11.3 |
| 3 | Westpac | 7,806 | 65 | 11.1 |
Latest ASX takeover announcements
| LMR | 09/10/13 |
Notice of Extension of Offer
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| BRW | 09/10/13 |
MEP: Notice of Variation - Extension of the Offer Period
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| CEN | 09/10/13 |
RUM: Offer for CEN Extended to 25 Oct 2013
|
| CEN | 09/10/13 |
Appointment of CEO
|
| IVA | 09/10/13 |
FIRB Approval Received
|
| IVA | 09/10/13 | Announcement of FIRB consent |
| IVA | 09/10/13 |
Notice of Fulfilment of Bid Condition
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| MRN | 08/10/13 | MRN Announcement |
| FXJ | 08/10/13 | Market Speculation About Radio Business |
| CKA | 08/10/13 |
Cokal Announces Blumont Financing Proposal
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Timing is everything for potential David Jones sale
There have been rumblings about how attractive the David Jones group might be for an overseas suitor, and in particular whether the value of its property assets might form the basis of something meaningful for a potential private equity deal.
World’s biggest investment banks are beyond the law
If you thought a prosecution of the heads of our most powerful financial institutions could be hung on the Libor scandal, think again.
BAML appoints Kevin Skelton as Australian CEO
Updated | Kevin Skelton has been appointed country head of Bank of America Merrill Lynch, replacing Craig Drummond, who stepped down in July to join National Australia Bank as its finance and strategy chief.
Latest ASX capital announcements
| FOX | 9:22:10 AM | Daily share buy-back notice - Appendix 3E |
| GJT | 9:20:06 AM | Cleansing Notice |
| PTR | 9:18:02 AM | Letter to Option Holders - Non-Renounceable Rights Issue |
| GJT | 9:17:34 AM | Appendix 3B |
| PTR | 9:17:37 AM |
Non-Renounceable Rights Issue Offer Booklet
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| VAH | 9:12:49 AM |
Prices A Further US$64.6m Enhanced Equipment Note Issue
|
| MRF | 9:10:25 AM | Extension of closing date for Offer of Securities |
| IDZ | 9:05:15 AM | Notice of Release of Escrow Shares |
| IDZ | 9:02:59 AM | Appendix 3B Quotation Application |
| HIL | 8:53:10 AM | Daily share buy-back notice - Appendix 3E |
ASX calls for changes to listing rules
Comment | A new requirement for disclosure is one of the listing rule amendments the ASX favours, according to a consultation paper.
All toll roads lead to the same place
Inside the deal | How the deal for bankrupt Brisbane toll road, the Clem7 tunnel, unfolded, ending in Queensland Motorways $618 million purchase.
OzForex floats over private bid
Inside the deal | Private-equity interest was high for this Aussie success story but, in a race against time involving aircraft and a lime-green Mustang, bankers from Macquarie and Goldman secured a listing.
