Wholesaler Metcash has successfully raised $300 million in capital by selling off 107 million new shares. The shares were placed up for sale yesterday at a discounted price of $2.80, down 7.9% on the $3.04 at the ASX close of trade on Friday, when the sale was announced. The new shares were quickly snapped up […]
Metcash successfully raise $300 million Read More »
Health food chain Oliver’s Real Food have announced a surprising suitor for a takeover bid. In an ASX statement released yesterday, the company said they had received a bid from British based EG Group for $0.10 cash per share, in a deal estimated to be worth more than $25 million. It comes just weeks after
EG Group’s new takeover bid Read More »
The bidding war for Caltex is gaining steam, with UK based EG Group submitting a long-anticipated bid for the company. It comes just days after Caltex announced they had granted EG’s Canadian rival Couche-Tard due diligence following their third and final $8.8 billion bid for the company. EG’s bid is split as $3.9 billion in
Bidding war for Caltex ramps up Read More »
Wesfarmers are set to sell off a 4.9% stake in Coles Group. The sale would net the West Australian based company $1.05 billion, and equate to $16.08 per share. The sale is expected to be finalised tomorrow and Wesfarmers have stated they anticipate a (pre-tax) profit of $160 million. They will continue to hold a
Wesfarmers Coles sell-off Read More »
German supermarket giant Kaufland are set to exit Australia. The retail giant, who are the world’s fourth largest, made the shock announcement yesterday. The company employ 200 Australians and had purchased multiple properties in the gear up to their launch – which included plans to open at least 20 stores, initially across Victoria, South Australia
Kaufland to exit Australia Read More »
Coca-Cola Amatil has announced group chief financial officer Martyn Roberts will depart the company. Announcing the move yesterday, Amatil said Mr Roberts had resigned to take up a position at an ASX listed health focussed company. He will remain with the company to present the FY2019 results and depart in early 2020. Mr Roberts joined
Coca-Cola Amatil CFO resigns Read More »
United Petroleum reportedly planning to list by end of the year.
United Petroleum eyeing IPO? Read More »
