Topic | Company mergers | The Sydney Morning Herald

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Company mergers

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Carsales to raise $1.2b for takeover of US truck, RV group

Carsales to raise $1.2b for takeover of US truck, RV group

Carsales.com, Australia’s largest vehicle marketplace, will acquire Trader Interactive for $1.7 billion.

  • by Angus Dalton

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Brambles investor backs CVC approach but wants $20b on the table

Brambles investor backs CVC approach but wants $20b on the table

Brambles investors are already warming to the prospect of a takeover, after the company’s shares soared as much as 13 per cent on Monday following confirmation that the pallet supplier has been in preliminary talks with private equity giant CVC. 

  • by Colin Kruger
AMP promises payout for long suffering shareholders after ‘crown jewel’ sale

AMP promises payout for long suffering shareholders after ‘crown jewel’ sale

AMP chief executive Alexis George has thanked shareholders for their patience and committed to returning funds to investors after completing the sale of its funds management business in a deal with a US investor.

  • by Charlotte Grieve
‘We’re a home for talent’: Pendal CEO backs decision to reject $2.4b takeover bid

‘We’re a home for talent’: Pendal CEO backs decision to reject $2.4b takeover bid

Pendal has rejected Perpetual’s takeover bid, claiming it undervalues the company, before unveiling a $100 million share buyback and reporting sliding funds under management.

  • by Charlotte Grieve
AustralianSuper expands telco assets with $3.58b Axicom deal

AustralianSuper expands telco assets with $3.58b Axicom deal

Giant super fund signs another deal to expand access to telco poles and wires and cash in on the rising demand for mobile connectivity.

  • by Charlotte Grieve
Short-selling key focus for VGI, Regal merger

Short-selling key focus for VGI, Regal merger

The controversial investment technique will remain a core strategy for the new VGI-Regal business, which will be fully merged and listed on the ASX under a new ticker in coming months.

  • by Charlotte Grieve
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Huge cash piles set to keep M&A boom rolling

Huge cash piles set to keep M&A boom rolling

Australia’s mergers and acquisitions boom is set to roll on as major corporates deal with massive cash piles that have swollen further while they generated strong-than-expected profits in the first half of this year. 

  • by Patrick Hatch
Zip gears up for US growth with $491m Sezzle takeover

Zip gears up for US growth with $491m Sezzle takeover

Zip says the deal will lift its scale and accelerate its path to profitability, as it faces tougher industry conditions.

  • by Clancy Yeates
Australia’s worst default super fund to merge with Hostplus

Australia’s worst default super fund to merge with Hostplus

The country’s worst performing default superannuation fund has been forced to exit the industry, after mounting pressure from the prudential regulator over chronic underperformance.

  • by Charlotte Grieve
‘Open for business’: Future Super chasing mergers to triple funds by 2030

‘Open for business’: Future Super chasing mergers to triple funds by 2030

Activist superannuation fund Future Super has announced a deal with global insurer Aon’s superannuation business as CEO Simon Sheikh flags more deals on its radar.

  • by Charlotte Grieve
Cbus signs $73b merger agreement with scandal-plagued EISS Super

Cbus signs $73b merger agreement with scandal-plagued EISS Super

The two super funds have signed a memorandum of understanding after leadership turmoil at EISS Super and pressure from the regulator.

  • by Charlotte Grieve