GO
Loading...

Australia & New Zealand

More

  • Coles Shares Fall After KKR Exits Bid Group Monday, 28 May 2007 | 10:32 PM ET

    Shares in Australia's Coles Group fell nearly 4% on Tuesday after private equity group Kohlberg Kravis Roberts pulled out of a consortium planning to bid for the retailer.

  • Healthscope Launches $2.3 Billion Bid for Symbion Monday, 28 May 2007 | 8:52 PM ET

    Australian hospital operator Healthscope formally launched a $2.3 billion bid for Symbion Health on Tuesday, backed by two private equity firms.

  • KKR, CVC Pull Out of Coles Bid Consortium Monday, 28 May 2007 | 7:07 AM ET

    Private equity group Kohlberg Kravis Roberts said on Monday it had withdrawn from a consortium looking at bidding for Australian retailer Coles Group.  CVC, another private equity group, said earlier that it had pulled out of the consortium after conducting due diligence.

  • Singapore's Olam Raises Bid for Queensland Cotton Sunday, 27 May 2007 | 11:46 PM ET

    Commodities trader Olam International raised its takeover offer for Australia's Queensland Cotton to as much as A$166.5 million, beating a A$150 million rival bid from Louis Dreyfus Commodities.

  • APN Shareholders Reject Independent $2.5 Billion Bid Thursday, 24 May 2007 | 11:50 PM ET

    Shareholders in Australia's APN News and Media rejected $2.5 billion takeover offer from Tony O'Reilly's Independent News and Media on Friday.

  • Australia's AWB to Lose Export Monopoly in 2008 Tuesday, 22 May 2007 | 2:31 AM ET

    The Australian government will keep the country's wheat export monopoly but will hand the powers from the scandal-hit AWB to a new grower company by mid 2008, a government spokesman said on Tuesday.

  • Rebel Holders Put O'Reilly's APN Takeover Bid in Doubt Sunday, 20 May 2007 | 11:14 PM ET

    Tony O'Reilly's Independent News and Media suffered a blow in its bid to take over Australia's APN News and Media after a key APN shareholder said it would vote against the offer.

  • Australia's Qantas Airways said its chief executive and other senior managers would keep their jobs despite the collapse of a $9 billion buyout bid for the airline.  The failed buyout claimed two senior board members -- Chairman Margaret Jackson and Australia's richest man James Packer -- who confirmed they would retire before the end of the year.

  • Australia's Coles Sets Bid Date, Reports Sales Wednesday, 16 May 2007 | 10:19 PM ET

    Coles Group, Australia's second-largest supermarket retailer, on Thursday set a June 25 date for final bidding for the company as it reported a tiny 0.6% rise in third quarter sales.

  • Qantas Bid Group Will Not Make Fresh Offer Wednesday, 16 May 2007 | 8:14 PM ET

    A consortium that made a failed $9 billion bid for Australia's Qantas Airways said on Thursday it would not launch a fresh offer for the airline.

  • Macquarie Bank Raises $625 Million Via Share Sale Wednesday, 16 May 2007 | 1:35 AM ET

    Macquarie Bank, Australia's top listed investment bank, said it raised $625 million from a sale of new shares to fund its international expansion.

  • A key indicator of wages in Australia rose by much less than expected last quarter, easing fears that a drum-tight labor market would stoke inflation and lead to higher interest rates.

  • Australia Consumer Confidence Jumps to Record in May Tuesday, 15 May 2007 | 8:52 PM ET

    Australian consumer confidence jumped to record highs in May, boosted by a heady mix of tax cuts, strong employment, low inflation and stable interest rates, a survey showed on Wednesday.

  • Macquarie 2006 Profit Jumps 60% Beating Estimates Monday, 14 May 2007 | 7:36 PM ET

    Macquarie Bank posted a 60% jump in 2006 profit, earning $1.2 billion and beating analysts' forecasts, boosted by strong deal flows and robust equity markets.

  • KKR Starts Due Diligence on Australia's Coles Sunday, 13 May 2007 | 8:23 PM ET

    The auction process for Australia's second largest retailer, Coles Group , has kicked into gear, with a private-equity consortium led by Kohlberg Kravis Roberts the first group to start due diligence.

  • Australia's largest telecom Telstra said on Monday it would consider all its options if it received any takeover approaches. 

  • Alinta Backs Revised Babcock & Brown Offer Thursday, 10 May 2007 | 11:06 PM ET

    Alinta, Australia's largest energy infrastructure firm, said it had recommended an improved offer from investment bank Babcock & Brown worth up to $6.74 billion, scuttling Macquarie Bank's rival bid.

  • Australian Jobs Surge, Unemployment at 32-Year Low Wednesday, 9 May 2007 | 10:55 PM ET

    Australian employment surged in April, driving the jobless rate to a 32-year trough and stoking concerns a super-tight labor market would eventually threaten higher inflation and interest rates.

  • National Australia Bank, the nation's top lender, beat forecasts with a 23% rise in first-half cash earnings on Thursday, on strong loan growth and rapid progress at its U.K. divisions.

  • Qantas Says APA Will Have to Do Better Next Time Tuesday, 8 May 2007 | 10:42 PM ET
    Qantas passenger jets parked at their terminal at Sydney Airport.

    Australia's Qantas Airways indicated on Wednesday it would not back a new takeover offer pitched at the same price as the failed $9 billion bid from a consortium including Macquarie Bank.