CIMIC's UGL bid will depend on Ichthys
UGL's biggest shareholder waits for more detail from board following CIMIC's $524 million bid.
UGL's biggest shareholder waits for more detail from board following CIMIC's $524 million bid.
UGL lines up its takeover defence, after CIMIC Group picked up a stake and made an offer for the company on Monday morning.
Construction giant CIMIC has launched a $524 million takeover bid for engineering and construction group UGL
Investment bank Macquarie Capital and law firm MinterEllison are advising CIMIC on its $3.15 a share bid for ASX-listed rival UGL.
There could be just a little hint of tension in the air at the the annual general meeting of Brisbane-based construction group Watpac , which is set down for October 27.
The push to take embattled ASX-listed home-builder Simonds Group private will face a key test this week, as shareholders agitate for a higher bid.
Developer Meriton Group is about to lodge plans with the City of Sydney for a 115-metre hotel and residential tower at two sites it owns in Sussex Street.
A weaker monthly performance doesn't dent a sector buoyed by record low interest rates.
Origin Energy is well on the way to the full start-up of the second production train at its $25 billion Australia Pacific LNG plant in Queensland, with gas consumption at the site hitting a record.
Japanese equipment giant Hitachi Construction Machinery has made a binding $3.25 a share bid for Australia's Bradken.
A proposed class action against UGL has "good prospects of success," litigation funder IMF Bentham says.
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