A fresh capital raising and further asset sales are believed to be among the options being evaluated by iron ore miner Fortescue Metals Group, which has halted trade in its shares as negotiations c
Kerry Stokes' Seven Network has cleared the final hurdle in its merger with privately-owned industrial equipment business WesTrac, with the Federal Court today approving the $3 billion deal.
Kerry Stokes' planned merger of the Seven Network with his giant WesTrac mining services arm is designed to make it the first choice of investors wanting low-risk direct exposure to the China story.
ROBERT Homes a Court and Alan Bond have both owned it in the past. Now a third West Australian entrepreneur, Seven Network chairman Kerry Stokes, is poised to own the NSW dealership for Caterpillar.
GOING on a recruitment drive when other firms are laying off staff is not just a display of community spirit, according to WA heavy machinery giant Westrac Equipment.
