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.
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.
Britain set to price Royal Mail sale at top of range
Britain is on track to sell shares in Royal Mail at the top of its price range, valuing the postal service at more than $5.6 billion, insiders say.
Morgan Stanley urges staff to lobby over debt ceiling
The most powerful Australian on Wall Street, Morgan Stanley chief executive James Gorman, has urged his American staff to personally lobby politicians to end the standoff over lifting the $US16.7 billion debt ceiling.
QE pressures RBA
The RBA will be feeling the heat from the Federal Reserve’s decision not to taper QE as the Australian dollar rises. More AFR TV
M&A
| Pos | Name | Value ($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
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| 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
| MTB | 09/10/13 | Appendix 3B |
| RDR | 09/10/13 | Appendix 3B |
| MEJ | 09/10/13 | Allotment of Underwriting |
| SYI | 09/10/13 | Daily Fund Update |
| GOV | 09/10/13 | Daily Fund Update |
| BON | 09/10/13 | Daily Fund Update |
| BCI | 09/10/13 | Appendix 3B - issue of employee performance rights |
| CMY | 09/10/13 | Re-lodgement of Appendix 3B |
| CNN | 09/10/13 |
Cardia raises further $400K from the placement of shares
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| CLO | 09/10/13 | Appendix 3B |
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.
