Today's Business Headlines

22/04/2008 - 06:52

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GRD glosses over rejection of Transfield bid; Macarthur soars on bid talk; $2.6b issue positions Wesfarmers for deals; McMahon waits to see how far down there Cazaly stock falls; New Sydney chief for listed law firm

GRD glosses over rejection of Transfield bid
Engineering and waste management company GRD yesterday formally drew the curtain on a tumultuous 2007 but failed to acknowledge the year's most critical event, its rejection of Transfield Services' unsolicited $530 million takeover bid. The West

Macarthur soars on bid talk
Queensland coal baron Ken Talbot has gone into hiding after being outed as a potential seller of his $750 million stake in Macarthur Coal. The Australian

$2.6b issue positions Wesfarmers for deals
Wesfarmers chief executive Richard Goyder has flagged more acquisitions and played down the likelihood of asset sales as he unveiled the details of the third biggest rights issue in Australian corporate history. The West

McMahon waits to see how far down there Cazaly stock falls
Mining company promoter and Opes Prime victim Nathan McMahon is likely to have a better idea today on just how bad the past month has been when his Cazaly Resources returns to sharemarket trading after being dealt a judicial knock-out. The West

New Sydney chief for listed law firm
Fledging legal group Integrated Legal Holdings has appointed a new chief executive to be based in Sydney in a bid to get the ball rolling on Eastern States acquisitions as the group tries to boost its flagging share price. The West

 

 

THE WEST AUSTRALIAN
Business: Wesfarmers chief executive Richard Goyder has flagged more acquisitions and played down the likelihood of asset sales as he unveiled the details of the third biggest rights issue in Australian corporate history.

Engineering and waste management company GRD yesterday formally drew the curtain on a tumultuous 2007 but failed to acknowledge the year's most critical event, its rejection of Transfield Services' unsolicited $530 million takeover bid.

A company linked to former Palandri boss Darrel Jarvis has snared the lion's share of the failed winery group under a $20 million-plus restructure backed by millionaire Chinese resources investor Xibo Ma.

Fledging legal group Integrated Legal Holdings has appointed a new chief executive to be based in Sydney in a bid to get the ball rolling on Eastern States acquisitions as the group tries to boost its flagging share price.

Mining company promoter and Opes Prime victim Nathan McMahon is likely to have a better idea today on just how bad the past month has been when his Cazaly Resources returns to sharemarket trading after being dealt a judicial knock-out.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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