The board of Navitas has rebuffed a $2 billion takeover offer from a consortium of investors, which includes co-founder Rod Jones, saying the deal is well below its valuation of the education services company.
Navitas founder Rod Jones has stepped down from the board to manage his conflict of interest in relation to the $2 billion indicative takeover proposal for the education services company.
Navitas founder Rod Jones and his fellow board members have failed to reach agreement on insider protocols designed to manage conflicts of interest affecting the takeover target.
Shares in Perth-based education services provider Navitas closed 21.8 per cent higher today after the company received an indicative takeover proposal from consortium that includes founder and director Rod Jones.
Navitas co-founder and former managing director Rod Jones has backed an indicative takeover bid for the education services company led by Australian private equity giant BGH Capital.
Global education services provider Navitas has expanded into the Netherlands, after signing an agreement with the University of Twente to operate its pathway program for international students.
Global education services provider Navitas has announced it will close colleges in the United States and the United Kingdom, as well as exiting its Australian health care training business, in a restructure of its careers and industry division.
SPECIAL REPORT: Battery metals businesses such as Pilbara Minerals, Altura Mining, and Western Areas have joined AusCann Holdings, Buru Energy and OM Holdings among the best-performing stocks in the year to June.
Klaus Eckhof has resigned as executive chairman of AVZ Minerals. Mr Eckhof is a geologist and has worked in delineating gold within the mining industry.
Entrepreneur lunch: Navitas managing director Rod Jones recently found a simple way to end in-house confusion about his phased handover to successor David Buckingham.
Entrepreneur lunch: Coogee Chemicals executive director Gordon Martin struck a chord at this year's Entrepreneur of the Year lunch when he said all businesses needed to re-engineer their cost structure every few years.
SPECIAL REPORT: To keep pace with the competition nationwide, WA's universities are finding ways to grow their market share in a challenging environment.
Global education services provider Navitas has grown its university partnership student enrolments by 6 per cent for the 2018 financial year, while enrolments in its migrant English program have dropped.
Automotive Holdings Group chief financial officer Philip Mirams has signed on with education provider Navitas in the same role and will begin work in June.
Western Australia's market share for international students has plunged to 6.6 per cent after the state registered no growth in 2017 despite an extra 71,000 students heading to Australia from overseas.
Rod Jones is set to take over from former chief scientist, Lyn Beazley, as chairperson at Study Perth early next month, prior to his retirement as Navitas chief executive later this year.
First-half profit at education provider Navitas dropped more than 50 per cent in FY18 on the previous corresponding period, but chief executive Rod Jones said the company was tracking for growth in 2019.
SPECIAL REPORT: Navitas boss Rod Jones talked to Business News about the next chapter for the $1.8 billion education provider he founded, and his hopes for the technology ventures he's backing.
SPECIAL REPORT: The five WA people with the largest holdings in listed companies have earned around $1.5 billion in dividends in the past five years, with Andrew Forrest and Kerry Stokes leading the way. Click through for our list of 50 directors and investors with holdings worth more than $11 billion between them.
Elizabeth Gaines' selection last week as the incoming chief executive of Fortescue Metals Group has shot her to the top of a very short list of genuinely powerful women in business in Western Australia. Click through to read more and see our listing of 12 leading WA women in business.
West Perth-based Phoenix Academy is using this month's state government trade mission to China to officially open a joint venture college it has established in Shanghai.
Having grown Perth-based Navitas from a start-up 23 years ago into a global education services provider and one of WA's top 10 listed companies, co-founder Rod Jones is handing the reins to former iiNet boss David Buckingham.
Perth-based education provider Navitas has entered into a 50:50 joint venture with Swansea University to replace its existing royalty-based pathway program with the Welsh university.
Shares in Navitas were lower this morning after the Perth-based education provider posted a 10.8 per cent slide in net profit for the 2017 financial year.
The lobby group representing Australia's big businesses has called on the sector to sign up to its new voluntary payment term code in a bid to stave off regulatory changes.
SPECIAL REPORT: The number of international students coming to Perth has grown strongly over the past four years, but WA is still underperforming, particularly in the university sector.
Women account for just 8.7 per cent of board positions at the top 100 Western Australian companies listed on the ASX, a report by the Committee for Perth has found.
Co-founder/CEO of Navitas, Rod Jones, joined Business News at Julio's for a wide-ranging discussion on his personal journey and the future of education in Australia.
Navitas chief executive Rod Jones says he has been impressed by the company's ability to retain earnings despite the closure of two university joint ventures in Australia, with the education provider growing net profit and maintaining guidance for the 2017 financial year.
Education services provider Navitas has secured its eighth partner in North America following today's announcement that it has signed an agreement with the University of Idaho.
The 12-year old scandal over the Australian Wheat Board's payments to the government of Iraq has moved closer to final resolution, with its former chairman Trevor Flugge convicted today of breaching his duties as a director but cleared of more serious charges concerning his knowledge of the payments.
Educated in Rockingham, Vancouver and at UWA, and with a corporate career stretching between San Francisco and WA, Tracey Horton has some interesting perspectives on business and academia, as Business News discovered over lunch at Julio's in West Perth.
