Mergers & acquisitions
Craig Hutchison to sell NBL’s Perth Wildcats for $40m
Craig Hutchison’s embattled media and sports business has sold NBL franchise the Perth Wildcats for $40 million.
- by Calum Jaspan
Latest
The son of one of the world’s richest people just became Hollywood’s newest mogul
His father is the ninth-richest person in the world. Now David Ellison is about to take charge of a sprawling media empire that includes CBS, MTV and the Paramount movie studio.
- by Benjamin Mullin
Updated
Santos
Santos shares jump on report Middle Eastern giants are weighing up takeover bids
Saudi Aramco and Abu Dhabi National Oil have reportedly been separately studying potential bids for Australia’s $25 billion energy giant Santos.
- by Nick Toscano
Updated
ANZ Bank
Treasurer gives the tick to $4.9b ANZ-Suncorp deal
The transaction is the biggest banking deal in Australia since Westpac bought St George in 2008.
- by Clancy Yeates
Myer in talks to merge with Just Jeans and other Solomon Lew brands
The merger would give veteran rag trader Solomon Lew his long-awaited seat on Myer’s board.
- by Jessica Yun
Chemist Warehouse’s $8.8b merger could stifle competition, shut stores: ACCC
Australia’s competition watchdog has raised concerns that Chemist Warehouse’s planned merger with Sigma Healthcare into an $8.8 billion titan will hurt rivals in the pharmacy sector.
- by Jessica Yun
Opinion
Opinion
The ACCC’s bitter pill to Chemist Warehouse’s $8.8b pharmacy merger
Putting aside the strength of arguments from the merger parties and the regulator, the facts are that an ACCC amber light more often turns to red than to green.
- by Elizabeth Knight
Updated
Company mergers
BHP walks away from $75b takeover bid after Anglo rejects push for more talks
BHP has abandoned its six-week pursuit of rival Anglo American after a plea to extend takeover talks was turned down.
- by Simon Johanson
The northern beaches brothers who won from Woolies’ $590m bet on pets
Woolworths’ acquisition of a major stake in PETstock has yielded a third beneficiary, PetO, which has its own ambitions of being a major player in the pet store landscape.
- by Jessica Yun
Updated
BHP Group
Anglo rejects BHP’s $74 billion third offer, but leaves door open for deal
BHP has gained a one-week extension to come up with an improved and binding takeover offer for Anglo American after its rival rejected its latest bid.
- by Simon Johanson
Clock ticking for BHP as $64 billion bid deadline looms
The resources giant has until 2am on Thursday morning, Australian time, to increase its bid for rival miner Anglo American, issue a formal binding offer, or walk away.
- by Simon Johanson