The $8.8 billion merger will see the combined company operate 700 stores,or 16 per cent of all pharmacies across Australia. Sigma’s shares skyrocketed on the news.
Myer will acquire a suite of Premier Investments’ clothing brands in Australia and New Zealand,giving the businessman a seat on its board.
She became the unlikely toast of the Middle East and one of the most powerful people in football. But questions are now being asked.
Lucas Klein,Janus Henderson Investors’ head of equities Asia Pacific,Europe,Middle East and Africa,said a strategic priority for the group was to grow in the Asia Pacific region.
The biggest change to the nation’s merger laws will target the supermarket sector with any takeover plan likely to face the ire of the competition regulator.
The mining giant is hoping to break the jinx of Australian companies faring poorly on foreign acquisitions. But it would need to convince the market that buying lithium is worth it.
A bidding war may break out for Platinum Asset Management,with prominent investor Geoff Wilson said to be among the parties interested in the funds management group.
The 107-year-old Australian fruit processing company is realising its global ambitions through a backdoor listing and joining forces with a juice and a powdered milk company.
Virgin Australia’s outgoing boss Jayne Hrdlicka says the airline would not be in a position to deliver long-haul services between Australia and Europe for at least the next six years without Qatar Airway’s support.
It would be reckless for Treasurer Jim Chalmers to even try to deny Qatar’s application to buy a 25 per cent stake in Virgin.
Murdoch’s REA Group has abandoned its pursuit of UK online property group Rightmove after its fourth takeover proposal was knocked back.