KKR & Co.’s offer to buy Treasury Wine Estates Ltd. for less than the maker of Penfolds shiraz could fetch in a firesale leaves the door open for a higher bid.
Orica Ltd., the world’s largest maker of industrial explosives, is studying the possible sale of its general chemicals unit amid weak demand in the Australian and New Zealand manufacturing sectors.
Rob McKenna, Washington State’s former attorney general, joined Orrick, Herrington & Sutcliffe LLP as a partner in Seattle and co-chairman of the firm’s public policy group.
Orica Ltd., the world’s largest maker of industrial explosives, said a decline in the Australian dollar is needed to help manufacturers that are struggling to compete with cheaper imports.
Newcrest Mining Ltd. , set to buy smaller rival Lihir Gold Ltd. for $9.6 billion, said it’s eyeing further merger and acquisition opportunities in the Asia-Pacific region and West Africa.
No television broadcaster in the developed Asia-Pacific region is tempting its owners with a cheaper buyout opportunity than Seven West Media Ltd.
Dai-ichi Life Insurance Co. , Japan’s second-biggest life insurer, agreed to buy a full stake of Tower Australia Group Ltd. for A$1.2 billion ($1.2 billion), its biggest overseas acquisition.
Newcrest Mining Ltd. agreed to buy Lihir Gold Ltd. after sweetening its cash and stock bid to A$9.2 billion ($8.5 billion) to create the world’s fifth-biggest producer of the metal.
"It is very hard with our manufacturing base as a company to think of a profile where the Aussie dollar stays above parity with the U.S. for another five or ten years."
- Ian Smith on Apr 10, 2013