Wesfarmers Ltd., the retail, industrial and mining company that’s Australia’s biggest private employer, sees value buying more coal mines after a 64 percent slump in high-grade coal prices drove down valuations.
St. Joe Co. said Chief Executive Officer Britt Greene and three other board members will resign, marking a victory for Bruce Berkowitz ’s Fairholme Capital Management LLC in a battle for control of the Florida landowner.
St. Joe Co. , the Florida developer criticized by hedge-fund manager David Einhorn , fell 7 percent in New York trading after the company said it hired Morgan Stanley to explore a possible merger or sale.
An Australian regulator has delayed ruling on BHP Billiton Ltd. and Rio Tinto Group’s planned iron ore joint venture after the companies sought more time to make submissions and hold talks with overseas watchdogs.
Skadden Arps Slate Meagher & Flom LLP represented Upsher-Smith Laboratories Inc., which agreed to buy Proximagen Group Plc, a U.K. biotechnology company pursuing treatments for central nervous system diseases, for as much as 356.8 million pounds ($554.7 million).