Australia's Westfield, Multiplex in battle over Chelsfield
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Australian property giant Westfield Group announced a 585 million pound bid to acquire British shopping center operator Chelsfield, a move seen as likely to spark a bidding war with rival Multiplex.
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The Westfield Group, Multiplex group and Aldersgate Investments Ltd have entered an agreement to pursue a joint cash offer for Duelguide plc, the company which owns UK developer Chelsfield plc.
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Coles Myer has branded the new Woolworths bid offered for Australian Leisure &amp; Hospitality Group as unacceptable. Coles Myer, which has teamed up with Macquarie Bank through joint venture vehicle CMM Hotel
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Private equity groups CVC Capital Partners, Kohlberg Kravis Roberts and Blackstone are mulling a takeover of J Sainsbury, the third-biggest biggest supermarket chain in Britain.
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Multiplex Group and Russian billionaire brothers David and Simon Reuben joined Westfield Group&#39;s Â£585 million ($1.54 billion) bid for Chelsfield after striking a deal to carve up the UK property developer.
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WOOLWORTHS went on a shopping spree last night, trying to grab 20 per cent of pubs owner Australian Leisure &amp; Hospitality in its bid to thwart rival Coles Myer.
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SYDNEY (Dow Jones)--Coles Myer Ltd. (CM) and Macquarie Bank Ltd. (MBL.AU) were Wednesday night close to finalizing a fresh bid for pubs and liquor group Australian Leisure &amp; Hospitality Group Ltd.
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Competition gets heated between two public REITs in their efforts to acquire Mills.
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Canada-based Brookfield Asset Management  Inc. (BAMa.TO) made an approach to buy out Australia's  Multiplex Ltd. , sending shares in the A$4 billion ($3  billion) construction and property firm up as much as 8  percent.
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SYDNEY (Dow Jones)--The world&#39;s largest owner of shopping malls, Australia&#39;s Westfield Group (WDC.AU), bid GBP585 million for Chelsfield PLC (CLF.
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MARK COLVIN: To Telstra, and a question that may go even deeper than the long-running one about whether it should be privatised. Can the carrier remain as a single giant company, complete with a monopoly on
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Australian retailer Coles Myer intensified the battle for the ALH pubs and liquor chain yesterday, topping an offer by Woolworths with aA$1.
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AUSTRALIA&#39;S telecommunications players have chosen sides in the pending war to win consumers to the new generation of mobile phones.
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The Westfield Group, Multiplex group and Aldersgate Investments have agreed to a joint cash bid for Duelguide, the company that owns UK developer Chelsfield.
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Two Australian media companies, the Macquarie Media Group and Fairfax Media, began a $1.08 billion bid for Southern Cross Broadcasting.
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SYDNEY (Dow Jones)--Multiplex Group (MXGCA.AU) on Monday launched a takeover bid for Ronin Property Group (RPH.AU) in the latest round of consolidation in the Australian listed property sector.
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Woolworths Ltd. won aA$1.3 billion ($997 million) takeover battle against Coles Myer Ltd. for Australian Leisure &amp; Hospitality, cementing its position as the nation&#39;s biggest liquor retailer.