Patersons wins Alinta gig

Perth-based broking firm Patersons Securities is understood to have won a spot on the panel of retail brokers that will support the $2 billion initial public offering of Alinta Energy.

Panoramic spin-off launches $15m IPO

Panoramic Resources has finalised plans to spin-out its Gum Creek gold project through the partial divestment and ASX listing of its Horizon Gold subsidiary, with a $15 million initial public offering launched today.

Airlite Group sold to Millennium for $25m

ASX-listed Millennium Services Group has acquired Perth-based cleaning and maintenance company Airlite Group for $25.1 million.

Nido launches $32m raising

Philippines-focused oil and gas play Nido Petroleum has launched a $31.9 million capital raising to fund drilling work at its Galoc project.

Northern Star in gold JV with Pioneer

Local gold miner Northern Star Resources has entered into a joint venture agreement to acquire a major stake in Pioneer Resources' Acra gold project near Kalgoorlie in a deal worth up to $3.5 million.

4DS rattles tin for $4m

4DS Memory has tapped investors for $4 million to fund ongoing development of its memory technology.

Teck to buy Rox's Reward stake for $20.6m

Rox Resources' joint venture partner Teck Australia has matched a competing bid for the company's stake in the Reward zinc-lead project in the Northern Territory for up to $20.6 million.

Artificial intelligence firm plans ASX listing

Artificial intelligence company OpenDNA has announced plans to list on the ASX, with Perth-based stockbroker Argonaut to lead a $10 million initial public offering.

Saracen in $25m farm-in deal with AngloGold

Saracen Mineral Holdings has attracted AngloGold Ashanti for a farm-in agreement for its Carosue Dam North gold project near Kalgoorlie, valued at $25 million.

Kalamazoo plans ASX listing

A local gold company founded by prominent prospector Denis O'Meara hopes to begin trading on the ASX by the end of next month after completing a $10 million initial public offering.

Fantastic receives $361m takeover offer

Shares in Australian furniture maker and retailer Fantastic have soared on news it has received a $361.4 million takeover offer from larger rival Steinhoff Asia Pacific, the owner of Freedom and Snooze brands.

GCS sells SmartScaff stake

Global Construction Services will pocket $17.5 million when it completes the sale of its stake in Melbourne-based SmartScaff.

BC Iron taps investors for $25m

Iron ore miner BC Iron has confirmed a $25.5 million capital raising backed by major shareholder Kerry Stokes to fund work at its Buckland project and pay off debt.

Riders Choice, Cycliq hit issues

Two well-known Leederville cycling businesses have hit differing problems this week, with retailer Riders Choice going into voluntary administration and accessory manufacturer Cycliq facing a regulatory speed bump on its path to an ASX listing.

Pacific shareholder trades $50m stake

Power generation company Pacific Energy's second-largest shareholder has sold its $50 million stake in the business to a number of undisclosed investors.

AMP buys $232m Kalgoorlie prison

AMP Capital has bought the newly built Eastern Goldfields regional prison, joining the likes of Catholic Super, Australian Super and Aberdeen Asset Management as private owners of public infrastructure assets in Western Australia. Click through to see the BNiQ listing of public assets in private hands.

Rinehart-CRED bid for Kidman subject to FIRB approval

The federal government has promised an "arms-length" decision on Gina Rinehart and Shanghai CRED's joint $365 million bid for cattle empire S. Kidman & Co, which will still require foreign investment approval.

Business brokers jostle for market lead

SPECIAL REPORT: Perth's major business brokers are adapting their strategies to deal with a changing buyer profile and a general softening of prices.

Fortescue buys BC Iron's Nullagine stake for $1

Troubled iron ore miner BC Iron has sold its majority stake in the Nullagine joint venture to Fortescue Metals Group for just $1, along with some royalty payments.

CIMIC launches $524m UGL takeover bid

Spanish-controlled construction giant CIMIC Group has launched a $524 million takeover bid for its ASX-listed rival UGL.