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NRW reveals Hughes price, Allegro completes JSW buy

NRW Holdings has revealed the price it has paid for the east coast operations of failed company Hughes Drilling, on the same day private equity fund manager Allegro formally acquired Hughes' Perth-based subsidiary JSW Australia for an undisclosed sum.

Migme flags major review

Loss-making digital media company migme has flagged a wide-ranging review encompassing its board, management and capital strategy after announcing the terms of a new convertible note issue.

Morrison approves Kidman sale to Rinehart

After originally blocking the sale of land and cattle empire S Kidman & Co to Chinese buyers, Treasurer Scott Morrison has approved a joint bid with mining magnate Gina Rinehart and her Chinese partners.

ASG shareholders back $350m takeover

Perth-based IT services firm ASG Group is set to be acquired by a Japanese business in a $349 million deal, after shareholders voted in favour of the takeover today.

WA assets in Santos spin-off

Four Western Australian projects will be included in a planned spin-off from energy player Santos in a bid to increase cash flow and cut debt, including facilities at Thevenard and Barrow islands.

Transerv blindsided by Origin's spin-out plans

Shares in oil and gas explorer Transerv Energy tumbled today as managing director Stephen Keenihan announced his resignation in the wake of news yesterday that the company's proposal to acquire assets owned by Origin Energy had been terminated.

Peet sells land for $30m

Perth-based land developer Peet has sold a parcel of land in Victoria for $30.5 million, but it doesn't expect to receive any proceeds from the deal for nearly a year.

Vocus to build $US170m subsea cable

Vocus Communications appears set to deliver the Perth-to-Singapore subsea telecommunications cable after inking a construction agreement with French company Alcatel Submarine Networks.

HearMeOut debuts on ASX

Social media technology company HearMeOut has closed below its offer price on its first day on the ASX, after completing a $6.5 million initial public offering.

Families seek opportunities with big partners

SPECIAL REPORT: Private sales during the past year have reduced the already small number of long-running family businesses in WA.

Minbos in $20m merger with JV partner

Phosphate explorer Minbos Resources has entered into a new agreement to merge with joint venture partner Petril Phosphate, in a scrip and royalties deal valued at about $20 million.

Duet receives $7.3bn takeover offer

Shares in DUET Group have jumped 16 per cent after the energy utility operator confirmed it has received an indicative and conditional takeover offer from Hong Kong billionaire Li Ka-Shing's Cheung Kong Infrastructure.

Dacian scales back raising as gold price falls

Dacian Gold has again reduced the size of its $50 million placement and put its $100 million entitlement offer on ice, in the wake of the falling gold price which hit a 10-month low overnight.

Pioneer signs $100m facility

Perth-based financial services provider Pioneer Credit has signed a $100 million debt facility with Bankwest and Westpac as it seeks to continue growing its debt portfolio.

NRW bids for Hughes operations

Civil and mining contractor NRW Holdings has announced plans to buy the east coast operations of failed mining services company Hughes Drilling, with the acquisition price undisclosed.

Western Areas signs offtake deal with Nickel West

Western Areas has locked in its second nickel offtake agreement in as many days, announcing today a deal with BHP Billiton subsidiary Nickel West for product from its Forrestania nickel mine.

Dacian taps investors for $150m

Aspiring miner Dacian Gold has launched a $150 million capital raising to fund a big portion of the development costs for its Mt Morgans gold project near Laverton, which is expected to begin operating by 2018.

Iluka's Sierra Leone buy under cloud

Mineral sands miner Iluka Resources has cast doubt on its planned $375 million takeover of Sierra Rutile after detecting geotechnical risks at the West African company's tailings dams.

Dreamscape, Secure2Go launch IPOs

The number of Perth-based technology companies pursuing a listing on the ASX this year has hit 10, with Dreamscape Networks due to list in coming days after raising $25 million and Secure2Go kicking off its capital raising this week. 

Tap mends fences with dissident shareholder

Perth-based Tap Oil has settled its outstanding disputes with its second-largest shareholder, days before the matters were to hit the courts in Singapore.

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