Peter Doherty News
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Coral cover along Australia’s Great Barrier Reef has shrunk by half since 1985 as storms, warmer seas and starfish colonies kill off organisms, scientists said.
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CP2 Ltd., Transurban Group ’s biggest shareholder , said it intends to hold onto its stake in the Australian toll-road operator and will push for boardroom changes after a bid to buy the company with two Canadian pension funds was rejected.
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CP2 Ltd., the Australian fund manager that was part of a failed attempt to acquire toll-road operator Transurban Group , is seeking to quadruple funds under management as it bets on growth in infrastructure assets.
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Peter Doherty is returning to music after years of being in the headlines for his personal life. The one-time fiance of Kate Moss, friend of Amy Winehouse and drug addict is playing a solo show on Friday.
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A spurned $6.4 billion takeover offer for Transurban Group , an Australian toll-road operator, is unlikely to be raised, said CP2 Ltd., part of the bidding group.
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CP2 Ltd., an Australian infrastructure fund manager, agreed to buy the rest of ConnectEast Group in a deal valuing the toll-road operator at A$2.17 billion ($2.4 billion).
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Transurban Group shares dropped to a six-month low after analysts said that two Canadian pension funds are unlikely to raise a spurned A$7.2 billion ($6.4 billion) bid and the Australian toll-road operator sold shares at a discount.
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CP2 Ltd., Transurban Group’s biggest shareholder, said it hasn’t considered selling its stake in the Australian toll-road operator after its joint offer with two Canadian pension funds was rejected.
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Ontario Teachers’ Pension Plan sold its stake in Transurban Group after the Australian toll-road operator rejected a A$7.2 billion ($6.3 billion) bid from the Canadian fund and other investors, two people familiar with the sale said. Transurban shares fell.
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Transurban Group’s largest shareholders may scrap plans for a revised takeover offer after the toll road operator announced an agreement to buy Sydney’s Lane Cove Tunnel, the Australian Financial Review reported. CP2 Ltd., which owns 14.5 percent of Transurban, recently teamed with the Canadian Pension Plan Investment Board and the Ontario Teachers’ Pension Plan and had planned a cash offer, the newspaper said, citing CP2 Managing Director Peter Doherty.
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