The $2.5 billion deal will put control of the prestigious US publisher behind authors such as Stephen King and Bob Woodward in the hands of the buyout firm.
Following an unsolicited offer of $1.75 billion,the Sydney-based brand prepares to conquer Asia and the Middle East.
ANZ may have to tweak its deal to improve the chances of getting the $4.9 million planned purchase of Suncorp’s banking assets through on appeal,investors have said.
US private equity firm Bain,which owns Virgin Australia,has reached a deal to acquire one of the largest aged care providers in the country.
ANZ will appeal the ACCC’s rejection of what would have been the biggest transaction in Australian banking since Westpac’s 2008 takeover of St George.
In a deal estimated to be worth more than $400 million,self-tanning brand Bondi Sands is the latest Australian business to be sold to an international conglomerate.
As D-Day looms for the Australian banking sector’s biggest proposed deal since 2008,ANZ and Suncorp are trying to persuade regulators that the local industry isn’t a cozy oligopoly.
The deal would be the biggest ever for Microsoft and for the video game industry.
Barely two days into the new financial year,two of Australia’s biggest ASX-listed food companies are on the takeover map,and there’s more action ahead.
Mining magnate Andrew Forrest has seized control of ASX-listed Mincor Resources which mines nickel – a key ingredient in rechargeable batteries.
PwC Australia’s government business will become a new company called Scyne Advisory,having been offloaded to private equity firm Allegro Funds in a $1 fire sale.