Yin Qiang, a technology manager from Beijing, traveled from Australia’s Gold Coast to Melbourne before climbing the Sydney Harbour Bridge with his wife. Next time, they might see a show at the city’s iconic Opera House.
David Jones Ltd., Australia’s second-largest department store owner, said it received a A$1.65 billion ($1.68 billion) offer from EB Private Equity, as analysts expressed doubt about the credibility of the offer.
Two block trades in GrainCorp Ltd. worth A$536 million ($556 million) at a premium of 33 percent to its previous close sparked speculation of a pending takeover bid for eastern Australia’s largest grain handler.
Challenger Energy Ltd. , an Australian oil and gas exploration and production company, jumped after drilling at its Triple Crown Prospect project intersected more than 1000 feet of potentially gas-charged zones, the Perth-based company said in a regulatory filing.
Tatts Group Ltd. will cut the book carrying value of its investment in Talarius Ltd. by A$140 million. The company will be paying a dividend in October which isn’t expected to be less than the final dividend paid a year earlier. The company released the information in a statement to the Australian stock exchange today.
Slater & Gordon announced it has entered into an agreement to acquire Trilby Misso Lawyers Ltd. for A$57 million. The company released the information in a statement to the Australian stock exchange today.